Southport, Qld 4215, Address available on request

Sheldon Paris of Initial Property Group are proud to exclusively introduce to the market this extraordinary 5,180m²* landmark development site, positioned in the heart of the Southport CBD.*

Representing an exceptionally rare opportunity to secure one of the Gold Coast's most significant remaining development landholdings, this monumental site offers a regular square build plate, unlimited height restrictions, and unlimited density within the Southport Priority Development Area (PDA).

The scale, configuration and strategic position of this property provide an outstanding platform for a landmark mixed-use development, with the potential to deliver a substantial residential, commercial, retail, hospitality and lifestyle precinct. The site benefits from three separate points of access, with frontage and connectivity via Scarborough Street, Marine Parade through Marshall Lane, as well as the adjoining 14 Welch Street, which forms part of the sale. The existing vacant building at 14 Welch Street provides the opportunity to be removed and integrated into the overall site design, creating further access and a substantial internal driveway and carpark configuration.

Adding further weight to the opportunity is the significant development activity occurring immediately surrounding the site, The combination of the Southport PDA, significant surrounding investment, major infrastructure, new stadium, light rail connectivity and the site's exceptional scale creates an opportunity rarely presented to the market.

Property Highlights:
• Once-in-a-generation 5,180m² landmark development site*
• Regular square-shaped site offering an exceptional development footprint
• Located within the Southport Priority Development Area (PDA)
• Unlimited height with unlimited density*
• Significant mixed-use development potential
• Three points of access via Scarborough Street, Marine Parade/Marshall Lane and 14 Welch Street
• 14 Welch Street included in the sale, providing additional development and access opportunities
• Existing vacant building at 14 Welch Street suitable for removal and integration into the master plan
• Potential for substantial internal driveway and carparking configuration
• Prime position within the rapidly transforming Southport CBD
• Surrounded by significant new development such as the $1.5 billion masterplan by DD Living, recently announced ODUS property groups 40 level tower and the major infrastructure investment currently underway

Location:
• Light rail and major transport connectivity at the doorstep
• Walking distance to Chinatown, shopping centres, cafes and the Broadwater Parklands
• Close to Gold Coast University Hospital and major medical precincts
• Potential for exceptional views toward Marina Mirage, South Stradbroke Island and the Broadwater
• Approximately 55 minutes to Brisbane
• Approximately 30 minutes to Gold Coast Airport
• Approximately 1 hour to Byron Bay
• Approximately 10 minutes to Gold Coast University Hospital

For an incoming developer, the property also presents the ability to acquire an income-producing holding while progressing its future development strategy. Currently tenanted to a national tenant, the asset provides an opportunity to generate holding income during the planning and approval process, rather than acquiring a vacant site from day one.

The property is intended to be offered as a going concern, potentially providing a significant GST advantage to an eligible purchaser, subject to the terms of the lease, contract and confirmation by the purchaser's legal and tax advisers. The existing lease is understood to include a demolition provision, providing flexibility for the future redevelopment of the site, with the precise terms to be confirmed upon review of the lease documentation.

Opportunities of this scale, location and development potential are exceptionally rare on the Gold Coast. With Southport undergoing one of the most significant periods of transformation in its history, this landmark holding offers developers, institutional investors and visionary project partners the opportunity to secure a truly once in a generational asset and shape a major new destination within the Gold Coast's CBD.

Please contact exclusive agents Sheldon Paris for further information.

Disclaimer: *Approximately/ STCA. Borders, images & locations may be indicative only. Rates of return are estimates only. Outgoings are as supplied by the owner. The Agent/Agency has not independently checked any of the information we merely pass it on. We make no comment on and give no warranty as to the accuracy of the information contained herein and no part of this material should be relied upon in forming any financial decision by you, the reader. All persons reading this material 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, advice or as is otherwise necessary. No duty of care is assumed by the Agent/Agency toward the recipient with regard to the use of this information and all information given is given without responsibility or liability.