Matrix Global Real Estate is pleased to present for sale 18-20 Peninsular Drive Surfers Paradise & 13-15 Leonard Avenue, Surfers Paradise.
Boasting a 36.5-metre street frontage on Leonard Avenue and a 36.2-metre frontage on Peninsular Drive, this premium 2,032m² site offers limitless potential for the savvy developer, with no height restrictions. The property currently features three older dwellings providing holding income until development plans are underway. This is a rare and exceptional opportunity to secure a prime development site in a highly sought-after location.
Situated in the vibrant heart of Surfers Paradise, this prime development site is an exceptional opportunity. Located just minutes from the iconic Gold Coast beaches and only a short drive to Brisbane, this area is experiencing remarkable growth and residential demand due to its convenient location and lifestyle appeal.
Opportunities to develop in this prime location are becoming increasingly rare, especially for projects that offer the unique advantages of this site. As the area continues to attract strong residential interest, now is an ideal time to secure a development site with a balance of scale and strategic positioning, ensuring flexibility in today's evolving market. Gross rental income is approx. $ 359,200 per annum.
Property features include:
- 2032m² site area*
- Strong holding income
- Strategic location near major retail and entertainment hubs
- Close proximity to Southport, Pacific Fair, and The Star Casino
- Easy access to Gold Coast Airport and Brisbane CBD
18 Peninsular Drive Surfers Paradise is a nicely run, profitable Hostel with 12 rooms, 6bathroom 1kitchen, 2 lounge areas, 50 beds, pool and outdoor areas.
20 Peninsular Drive Surfers Paradise is a vacant block of land of 508 SQM on its own separate title.
13 Leonard Avenue Surfers Paradise includes 4 units* 2 bedroom 1 bathroom 1 car garage . In good condition and fully leased.
15 Leonard Avenue Surfers Paradise includes 4 units* 2 bedroom 1 bathroom 1 car garage. In good condition and fully leased.
Seize this rare opportunity to acquire a premier development site in the heart of Surfers Paradise. Contact Vivienne or Leon today for more information.
* approximately
~ outlines indicative only
Disclaimer: Matrix Global has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers/lessees must rely on their own inquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice, or as is otherwise necessary, all information given is given without responsibility.
