1.3 ha significant parcel of land within the Southport-Labrador urban renewal corridor at 97-105 Musgrave Avenue and 28-30 Jimmieson Avenue, Labrador for sale by CBRE Mark Witheriff and John Nucifora in conjunction with Ray White’s Michael Willems and Matthew Fritzsche. 

The amalgamated development site consists of seven individual titles with older dwellings, and a former squash and tennis court, and has frontages to Kumbari Avenue, Jimmieson Avenue and Musgrave Avenue.  

CBRE’s Mark Witheriff and John Nucifora, in conjunction with Ray White’s Michael Willems and Matthew Fritzsche, are offering the property to the market, with Expressions of Interest closing at 4pm on September 16.

The site holds development approval for multiple low-rise apartment buildings, with approval recently granted for 171 apartments in five- or six-storey buildings with basement parking.

It is expected to attract broad interest due to the versatility of the development opportunities, including townhouses, build to rent, aged care, and small lot subdivision, subject to Council approval.

“The suburb of Labrador is going through a significant urban renewal process,” Mr Witheriff said.

“With its repositioning to become one of the Gold Coast’s fastest-growing suburbs, it offers significant lifestyle amenities and multiple dining precincts such as Chirn Park and the Broadwater.

“The Gold Coast is enjoying a significant upswing in population growth, and this Musgrave Avenue site offers the potential to create a community that benefits from the immediate amenity.”

The property is within walking distance of amenities such as the former Commonwealth Games Hockey Centre, Gold Coast University Hospital and Griffith University, which is on the Gold Coast’s growing light-rail network.

“There are very limited opportunities to acquire such a major holding situated in the heart of a transforming suburb,” Mr Fritzsche said.

“The development opportunities that the property offers will ensure interest from a wide range of groups.”

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