DJ Stringer Commercial is proud to be appointed to market this entire commercial freehold complex for sale. Property providing holding income with new 3 year lease in place.
This iconic establishment in the heart of Coolangatta, is proudly positioned on the intersection of McLean and Griffith Streets, which is currently undergoing considerable development projects and government funded streetscaping & beautification works.
- Land area 986m2
- McLean Street frontage approximately 22m
- Zoning is 'City Centre Zone , RD7 overlay
- Building height for redevelopment is 39m (13 storey development)
- Total existing building floor area is 144 m2 approximately
This premier development property occupies a prominent and highly desirable location, only a short stroll to the parkland area along the foreshore and the magnificent main beach areas of Coolangatta.
You will enjoy being moments to the Strand Shopping Centre, Tweed Hospital and Twin Towns & mere minutes to Coolangatta Airport & Southern Cross University.
This region is extremely popular given it is on the Southern tip of the Gold Coast and continues to benefit from federal, state & local infrastructure projects. Surrounded by residential, commercial and a smorgasbord of retail & cafes, this boutique strip hub is very unique, especially given its close proximity to Coolangatta CBD & its beautiful beaches, which are within walking distance.
The prestige and pride of ownership in securing such a strong investment property with huge development upside, in the central business district of one of Australia's beach resort townships, is bolstered by the flow-on effect of massive current city centre development projects, strong population growth and the looming tourist boom.
Whether you plan to develop, enhance to increase rental income & or occupy all or part of it yourself, then this property is a very smart choice.
This site provides an ideal opportunity to create a high quality mixed use development consisting of retail/commercial space at ground floor podium level with high rise residential uses above.
The site consists of 2 separate lots, fronting McLean Street, Coolangatta. The site occupies a prominent and highly desirable location, approx 150m from the parkland area along the foreshore and the beach areas of Coolangatta, along with the retail and cafe quarter of Griffith Street.
'Centre Zone' of the newly adopted Gold Coast City Plan. The 'purpose' for the zone is to 'include' but not limited to, business, retail, professional, administrative, community, entertainment, cultural and residential activities.
Height limitation nominated for this zone (ie 39m).
A 13 storey development.
This zone is nominated with an RD7 overlay.
FOR SALE: Offers Over $2.65M
Please contact exclusive sales agent Peter Antony, DJ Stringer Property Services.
All information contained herein is gathered from sources we believe to be reliable. DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquiries should include, but in no way be limited to, and should be directed to, your legal representative, any local authorities, the Contract of Sale or Commercial/Retail Lease and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.