Beachfront Development Site Hits the Market
A rare opportunity to secure one of the best boutique development sites in Queensland, offering world-class surf breaks, iconic beaches and lifestyle at its doorstep.
GV Property Group's Antonio Mercuri has listed a trophy development site at the world-famous Rainbow Bay on the Gold Coast for sale via expressions of interest.
The 1 Petrie Street site is zoned for apartments in a highly sought-after location with a development friendly offering—a rectangle shape, corner position, panoramic ocean and coastal views at the very southern tip of Queensland.
Rainbow Bay is considered one of the most iconic addresses in the region and demand for boutique luxury apartments in this area is overwhelming.
The 1012sq m site offers undisturbed views and the opportunity to maximise its position with strong support from the town planning framework for a high-density residential development.
The council zoning supports the establishment of both residential apartments and or short-term accommodation.
The high-density residential zoned site (RD7 allows 1 bed per 25sq m) delivers 25 metres of frontage to Marine Parade and 45 metres to Petrie Street. The council allows a 38 metre building height limit.
The Petrie Street site is positioned at the very southern tip of Queensland, bordering New South Wales with close proximity to some of the most expensive real estate in Australia in Byron Bay.
Shopping centres, cafes, restaurants, parklands and surf clubs are all within a few minutes’ walk with iconic beaches and world-class surf breaks on your doorstep.
The Gold Coast International Airport and Pacific Highway M1 within 10 minutes drive.
Southern Gold Coast sites are in high demand, which is reflected by recent sales GV Property Group has achieved along with unsolicited offers on multiple sites in Coolangatta, Kirra, Bilinga and Tugun.
1 Petrie Street, Coolangatta is a unique landmark site and has the opportunity to become home to a development that sets a new standard for beachside living in Queensland. An opportunity of this nature is rare to find.
Expressions of interest close 5pm, Monday 30 September.
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