The amalgamated Pacific Point high-rise apartment building and adjoining duplex at the northern end of the Gold Coast are on the market for sale.

The 1,682 sqm (approx.) beachfront site located at 3464-3468 Main Beach Parade, Surfers Paradise, is zoned High-Density Residential and is being sold by Colliers International on behalf of Aquis Australia, which is linked to Hong Kong-based Tony Fung. 

The property comes with more than 70 metres of beach frontage, as well as a ten-level apartment building and a three-level duplex, both of which provide substantial holding income.

At a glance: 

• The amalgamated Pacific Point highrise apartment building and adjoining duplex at the northern end of the Gold Coast are available for sale.
• The site is being sold through James Holland, Brendan Hogan and Gus Moors of Colliers International, on behalf of Aquis Australia.
• The International Expressions of Interest campaign for Pacific Point closes on the 28th of October, if not sold prior.

Main Beach on the Gold Coast. Source: Colliers International

There is also Development Approval for a world-class Woods Bagot designed Resort Development with circa 47,000 sqm of GBA (580 x rooms) over 50 levels.

Colliers International Residential Executive James Holland, who has been appointed to market the property with Residential Director Brendan Hogan and Head of Hotels Gus Moors, said the HDR zoning and unrestricted building height, combined with the substantial site area, provided the opportunity to develop a landmark beachfront project.

A view of the site from the east. Source: Colliers International 

“There are extremely limited beachfront development sites of this scale remaining under single ownership on the Gold Coast – let alone those which have the beach frontage of this site," he said.

“The beachfront apartment market continues to go from strength to strength and we are seeing a significant increase in demand for premium beachfront apartments, driven by a spike in local, interstate and offshore purchasers.” 

Mr Hogan said Colliers anticipated interest from developers, hotel developers and investors who may landbank, either originating locally, interstate or offshore.

“We are seeing an increasing trend of new entrants into the South East Queensland market who are looking for ‘high-quality sites’ given the lifestyle and affordability benefits as well as the positive economic and population growth outlook, so this site would certainly appeal to these prospective buyers," he said.

An aerial view of the site. Source: Colliers International

Concept Plans are available for a striking residential-led mixed-use tower featuring premium residences above a hotel.

Mr Moors said there was every indication the Australian travelling public would flock to regional holiday destinations upon lifting of state border restrictions.

"The Gold Coast, in particular, will be a market in demand due to its history of being Australia’s playground," he said.

"Upon lifting of international travel restrictions, the international travelling market are likely to be drawn to the Gold Coasts’ strong fundamentals around accessibility to the Asia Pacific, outdoor lifestyle, and a diversified economy.”

The International Expressions of Interest campaign for Pacific Point closes on the 28th of October, if not sold prior. 

Click here to view the listing. 

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