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8-10 Acacia Avenue & 25-27 Oak Avenue
Surfers Paradise QLD 4217
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Sold on 22 Oct 2021

8-10 Acacia Avenue & 25-27 Oak Avenue Surfers Paradise QLD 4217

  • Development / Land
  • 2,130 m²
  • Sold

EXCEPTIONAL DEVELOPMENT OPPORTUNITY - 2,130M2* SURFERS PARADISE SITE

Offers over $8million - closing 31st August 2021.

This is one of the few remaining and most exciting development site opportunities in the popular and iconic "Budds Beach" precinct of Surfers Paradise, offering scale, DA approval with future river and ocean views, two street frontages and substantial holding income.

- Total Land area - 2,130sqm*
- Great opportunity to acquire this premium sized block of land at fair market value
- DA approved for 45-storey building, comprising 211 apartments (405 beds); can be varied for a smaller development
- Previous DA approval for 19-storey building, comprising 108 apartments (163 beds)
- Town Planning Advice for a 20-storey resort/hotel, comprising 200 rooms, and resort facilities
- Zoned "High Density Residential" and "HX - Unlimited Height"
- Significant gross rental income of $200,000* p.a.
- 4 adjoining properties (unit complexes) with 2 street frontages
- Range of alternate development options^ such as a boutique resort development, residential houses or duplexes, or land bank for the future
- Previous MOU with International Hotel Operator for alternate hotel scheme
- Located in the popular 'Budds Beach' precinct - adjacent to 5-star JW Marriott Resort, close to light rail (200m*), shops, cafes / restaurants, river (100m*) and world famous Surfers Paradise beach (300m*)
- Future development to provide panoramic ocean, river, hinterland and Broadwater views

For further information, please contact the Ray White Marketing Agents.

*approx.
^Subject to Council Approval

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

RWC (Gold Coast)
RWC (Gold Coast)
Level 2, 50 Cavill Avenue
Surfers Paradise, QLD 4217

Property Highlights

Date Sold22 Oct 2021
Floor AreaAsk Agent
Land Area2,130 m²
ParkingAsk Agent
Property ID2017045713
Category
Last updated  2 Feb 2022
Map for 8-10 Acacia Avenue & 25-27 Oak Avenue Surfers Paradise QLD 4217

Nearest transport* to 8-10 Acacia Avenue & 25-27 Oak Avenue Surfers Paradise QLD 4217

Bus
Tram
Ferny Ave at Ocean Avenue195 m
Ferny Ave at Ocean Avenue225 m
Surfers Paradise North station278 m
Main Beach Pde at Esplanade Surfers Paradise361 m
This data is © 2023 The State of Queensland, licenced under CC BY 4.0.
*Within a 4km radius
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RWC (Gold Coast)
RWC (Gold Coast)
Level 2, 50 Cavill Avenue
Surfers Paradise, QLD 4217

Property Highlights

Date Sold22 Oct 2021
Floor AreaAsk Agent
Land Area2,130 m²
ParkingAsk Agent
Property ID2017045713
Category
Last updated  2 Feb 2022

Listed by

Michael Willems
Michael Willems
RWC (Gold Coast)
Call
0412 240 176

More about 8-10 Acacia Avenue & 25-27 Oak Avenue Surfers Paradise QLD 4217

8-10 Acacia Avenue & 25-27 Oak Avenue Surfers Paradise QLD 4217 is categorized as Land & Development Property. It has a land area of 2,130 m². The listing ID for this property is 2017045713.

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