Developers are set to swoop on a prime two block development site in the heart of the in-demand Broadbeach on the Gold Coast.
Property amalgamation specialists GV Property Group have managed to amalgamate the two blocks, some 12 owners, to create the 1,548 sqm site at 19-23 Anne Avenue. They have expressions of interest closing May 20.
GV Property Group agent Luke Reaby said the availability of parcels this size in the hub of Broadbeach are becoming few and far between
“We have been working on this amalgamation for the last 12 months and are extremely excited to see the response it deserves,” Reaby says.
The site is just 300 metres from Broadbeach’s Kurrawa Beach to the east. A tower would offer views over the Nerang River and Surfers Paradise CBD to the north.
To the west there would be direct views over the Cascade Gardens and views back down to the Casino and Broadbeach CBD to the South.
This pocket of Broadbeach is supported by some of the most successful developers such as Raptis, Little Projects, and Niecon, who have all had amazing sell-outs stories. Picking the right location is a top priority and this one is a no-brainer.”
Developers have been quick to snap up any available land in the thriving suburb with Raptis recently lodging plans for their Anne Avenue site.
They had Bates Smart create a 383-apartment tower at 5-9 Anne Avenue. Raptis has also recently cleared the site at 6-10 George Avenue to make way for a proposed 40-storey residential tower.
Little Projects sold-out Signature residences are currently under construction in the area, as is Bassar Construction Group’s inaugural Gold Coast project, the 39-level Infinity, which also recently sold out.
Morris Property Group kicked off the booming development back in 2021, completing Koko, which was inspired by the modern luxe of international boutique hotels.
Article source: www.qldpropertyinvestor.com.au