For Sale
$3,300,000.00

The central business district of Palm Beach is currently undergoing some major redevelopments in keeping with the growth of upmarket residential and holiday complexes along this popular beach strip. Older beach homes and flats have recently given way to elegant new residences, while land values on the Palm Beach oceanfront and waterways have soared over the past few years.

A prime Blue Chip 1,652 sq.m. site on the north-west corner of Palm Beach Avenue and Cypress Terrace is now offered for sale, complete with approved plans for a landmark mixed-use development. This prominent site is only 750 metres from the M1 Motorway interchange and one city block from the Gold Coast Highway, providing easy access to all Gold Coast areas, Brisbane and northern NSW. Coolangatta airport is 15 minutes to the south.

The site is at the hub of the local shopping precinct, only 200 metres from the beach. The council-approved plans comprise a three-level building with 800 sq.m. of retail at street level, more than 1,000 sq.m. of office space on the first floor, and five 2 and 3 bedroom apartments above All with terrace gardens and expansive views. Inviting landscaped public access cuts through the site providing seating areas, and basement parking for 74 vehicles has been included.

The architects have been meticulous in designing a building to harmonise with existing development while setting the stage for future projects. The innovative, colourful design will create a landmark for the central Palm Beach district, establishing a new benchmark for quality development that should attract further investment to the surrounding area.

Blue Chip 1652m2 site with development approvals

Approvals for over 800m2 of Retail and 1000m2 of commercial

Five two and three bedroom roof top executive apartments with garden terraces and expansive views

First and last time offered with DA

Build now, postpone CGT by keeping the retail as profit

Over $1,000,000 Projected Net Rent on completion of retail and commercial

Tight retail and commercial market in Palm beach and the southern boom ensures this projects success