The site comprises three freehold lots that occupy the high-profile corner of 41 Cavill Avenue and 3170 & 3180 Surfers Paradise Boulevard, spanning a total area of 1,638sqm with 91m of street frontage. The site has been home to the Adidas Originals store since 2008 and other tenants including Bavarian Haus and Finn McCools.

The site is being sold with significant redevelopment upside due to its ‘centre’ zoning status, unrestricted height limit subject to council approvals, and the highest residential density allowed by the Gold Coast City Plan.

Boasting a unique European-inspired façade, the site was the original location of the Bavarian Steak House established in 1975, and then extensively refurbished in 2002. It’s positioned adjacent to the Cavill Avenue Light Rail Stop and within 200m of the Hilton Hotel, Novotel and Surfers Paradise beach.

Cushman & Wakefield’s Mike Walsh, Frederic Le Fanue, and Peter Court, and CBRE’s Mark Witheriff, Daniel Doran, and John Nucifora are managing the international expressions of interest campaign, closing 7 July.

Cushman & Wakefield’s Director, Joint Head of Middle Markets, Mike Walsh said: “This is a rare opportunity to secure a trophy site in the heart of one of Australia’s top tourist destinations.”

“While we expect strong interest from local and offshore developers seeking an unparalleled redevelopment opportunity, the site offers a purchaser additional flexibility to undertake a value-add project or re-lease and sell down over the longer term.”

CBRE’s Managing Director Gold Coast, Capital Markets, Mark Witheriff said: “The site is being offered for the first time in almost half a century offering a strong mix of retail and business tenants and significant holding income. Its magnitude and location makes it one of the most attractive opportunities to come to market in Surfers Paradise in recent times.”

For expressions of interest contact the Agents below.