A 3,873sqm Mermaid Beach development site for sale with approval for dual residential towers has been listed for sale by CBRE Mark Witheriff, Daniel Doran and John Nucifora

Located at 2605 Gold Coast Highway, the site comprises two lots and benefits from three street frontages to the Gold Coast Highway and Mermaid Avenue.

The site has development approvals for two multi-storey residential towers of 47 and 49 levels, including 781sqm of retail and 148sqm of office space, 211 short-term accommodation units and 311 dwellings, in addition to a three-level podium and 403 car parking spaces.

CBRE’s Mark Witheriff, Daniel Doran and John Nucifora have been appointed to steer the Expressions of Interest campaign that will close at 4pm on Thursday, 28 October 2021.

Mr Witheriff said, “This property allows developers to capitalise on the demand for larger apartments which offer affordable luxury living in beachside locations.”

“There are very limited parcels of land this size available in Mermaid Beach, so the property presents developers with a significant opportunity to create a prominent beachside development within one of the most sought-after suburbs in the Gold Coast.”

Mr Nucifora added, “This property affords developers the chance to take advantage of current market conditions and produce affordable luxury apartments in the Hedges Avenue precinct.”

The property is situated within a one-mile radius of major lifestyle and transport facilities within Broadbeach, including The Star Casino, Pacific Fair Shopping Centre, The Oasis Shopping Centre, Gold Coast Convention Centre, the South G-Link Station in addition to being 750 metres from Kurrawa Surf Club and 350 metres from local beaches.

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