Premier Beachside Development Opportunity Within Iconic Palm Beach
CBRE & JLL are pleased to exclusively present for sale 62-64 Jefferson Lane, Palm Beach; one of the last remaining sites of scale along arguably the most sought-after stretch of coastline on the Gold Coast.
Key attributes of the offering include;
DEVELOPMENT POTENTIAL
The regular shaped, 2,185sqm site with dual street frontage is underpinned by favourable Medium Density Residential zoning, supporting a code assessable development to 29 metres (STCA).
SECURE HOLDING INCOME
The existing improvements comprise a fully leased commercial building and ten generously sized townhouses with current passing income well below market parameters.
GENERATIONAL OFFERING
Offered for the first time in several decades, the landmark site is one of the last remaining sites of significance in Palm Beach and situated along arguably the most sought-after stretch of coastline on the Gold Coast.
PROTECTED, UNINTERRUPTED VIEWS
While not being directly beach fronting, the homes positioned along Jefferson Lane are all modern with several having sold well above the underlying land value in recent years, further there are no development applications adjacent to the site.
DESIRABLE COASTAL LOCATION
Palm Beach is an iconic beachside suburb and one of Australia’s most highly sought after coastal catchments. The site itself is located between two separate beach access points less than 100m* away. Ideally situated along the Gold Coast Highway, connecting the site in both north and south directions that will be further advanced by the upcoming Light Rail development.
SUPPORTING LIFESTYLE AMENITY
The location is supported by complimentary retail and dining options along the western side of the Gold Coast Highway headlined by Pavilions Palm Beach – a modern, Coles-anchored shopping centre.
62-64 Jefferson Lane, Palm Beach is offered for sale via Expressions of Interest closing Thursday, 21 March 2024 at 4:00pm (AEST)
(All areas and distances are approximate, and outlines indicative only)
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