CBRE Gold Coast have been instructed to sell a four-lot amalgamated development site within the Rainbow Bay precinct.

The 1,740 square metres of elevated land sits within a tightly held enclave of Rainbow Bay. The site is primed for residential development with a concept already lodged with Tweed Shire Council for a luxurious seven level apartment building.

The amalgamation is being marketing by the CBRE Gold Coast Metropolitan Investments team, led by Managing Director Mark Witheriff.

“The four properties represent the largest development site on the hill ever offered to the market” said Mark Witheriff.

Mark Witheriff continued, “the site has favourable zoning allowing for a 49.5m height limit and comes with the added bonus of having a live development application currently with Tweed Shire Council.”

Sitting on one of the highest parts of the Rainbow Bay precinct, the property offers a calming coastal experience and vibrant water views. This tightly held area rarely offers a development opportunity, let alone within a short stroll to iconic beaches such as Greenmount and Duranbah.

CBRE Associate Director, Daniel Doran added “the development application that is currently with Council features 18 luxury units over seven levels and will feature unique northern and southern ocean views.”

The property is for sale by Expressions of Interest closing on Thursday, 10 November 2022 at 4:00pm.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.