Fully Leased Beachside Investment with Significant Development Upside
Positioned within one of the Gold Coast's most tightly held and high-demand coastal precincts, 23–25 Alexandra Avenue, Broadbeach presents a rare beachside development opportunity comprising a premium combined landholding of approximately 1,032m²*. Benefiting from prominent triple street frontage to Alexandra Avenue, Surf Parade and Mary Avenue, the site is positioned only 250 metres* from the beach and offers exceptional potential within the heart of Broadbeach.
Benefiting from High Density Residential zoning and an HX building height designation with no prescribed height limit, the property supports a range of medium to high-density development outcomes including apartment, mixed-use and visitor accommodation opportunities, subject to council approval.
With approximately 51.6 metres of frontage to Alexandra Avenue, the site comprises two adjoining allotments across separate titles, improved by an existing two-level concrete and brick apartment complex containing four original two-bedroom apartments, together with a duplex pair positioned on a separate title. All dwellings are currently leased, providing holding income of approximately $198,640e per annum* and flexibility for future redevelopment or land-banking.
Positioned within the heart of Broadbeach, the property is surrounded by world-class amenity including Pacific Fair Shopping Centre, The Star Gold Coast, the Gold Coast Convention and Exhibition Centre, Kurrawa Beach, Broadbeach State School and the vibrant dining and retail precinct. The site also benefits from excellent connectivity to the G:link Light Rail, buses and major arterial road networks.
KEY PROPERTY FEATURES:
• Rare 1,032m²* combined beachside landholding
• High Density Residential zoning with HX designation (no prescribed height limit)
• Prominent triple street frontage to Alexandra Avenue, Surf Parade and Mary Avenue
• Corner configuration providing flexible access and site planning outcomes
• Four original two-bedroom apartments plus duplex pair
• Fully leased holding income of approximately $198,640 p.a.*
• Potential apartment, mixed-use and visitor accommodation outcomes (STCA^)
• Positioned within Broadbeach's tightly held dining, retail and entertainment precinct
• Approximately 250m* to the beach and close to Kurrawa Surf Club and parklands
• Excellent connectivity to G:link Light Rail, buses and major transport infrastructure
• Close proximity to Pacific Fair Shopping Centre, The Star Gold Coast and Gold Coast Convention & Exhibition Centre
For more information, please contact the exclusive marketing agents, Nicky Cunningham or Jennifer Yan.
*Approximate
^Subject to Council Approval
Disclaimer: This property is being sold by Expressions of Interest or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
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