A rare opportunity to secure an absolute riverfront development site with approval in place for a boutique luxury apartment tower in the heart of Surfers Paradise. This property offers an exceptional canvas for developers to deliver a landmark project in one of the Gold Coast's most sought-after precincts.
Key Features
* Prime Location: Centrally positioned within Surfers Paradise, just a short walk to the beach, light rail, dining, and entertainment.
* Waterfront Allotment: 1,009 m² site with substantial frontage to the Nerang River, capturing expansive views and offering direct access to lifestyle amenity.
* Development Approval: Material Change of Use approval granted for a 12-storey residential tower comprising 28 luxury apartments with two levels of basement parking.
* Approved Scheme:
* 27 × two-bedroom apartments
* 1 × four-bedroom, two-level penthouse
* Extensive ground-level recreation deck with lap pool, gym, and residents' lounge
* Sculptural architectural design with cantilevered roofline and high-quality finishes
* Planning Context: Zoned High Density Residential within the Gold Coast Light Rail Urban Renewal Area, earmarked for infill growth and transformation into a vibrant connected hub.
Market Context
The Surfers Paradise apartment market has demonstrated strong ongoing demand, with continued absorption of both new and off-the-plan luxury stock. Buyer appetite remains high for well-located projects offering water views, high-quality amenity, and proximity to lifestyle precincts. New residential towers in the area are achieving significant premiums, particularly where river or ocean aspects are available.
Development Potential
This approved site provides incoming developers with the opportunity to deliver a boutique tower tailored to the prestige owner-occupier and downsizer market, as well as investors seeking high-quality coastal assets. Its riverfront orientation, proximity to the light rail and Cavill Avenue precinct, and boutique scale allow for a unique positioning within the luxury apartment market.
Highlights for Purchasers
* Riverfront address with panoramic views
* Approved for 28 premium apartments over 12 levels
* Attractive boutique scale with architectural distinction
* Flood-mitigated design with elevated entry and flood gates
* Walkable location close to beaches, retail, and entertainment
* Positioned within a high-demand inner-city residential market
Submit your expression of interest now and arrange a private inspection.
Submit your EOI in 2 minutes.
Offer Submission Link:
gcprestige.au/eoi
Disclaimer: Information provided, including property descriptions, images, and figures, has been supplied by third parties. While we believe it is reliable, we cannot guarantee its accuracy. Independent inquiries and advice are recommended.
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