With a mixed-use DA approval for a residential tower and ground level commercial facilities including a medical centre, this sizable development site in the heart of Labrador has enormous potential. Previously the site of the famous Cav's Steakhouse for many years, this site is ready for a new future.
Property features include:
- Large, levelled block combining 5 lots at a total of 4,426 sqm*
- DA approved for 85 Luxury Apartments over 13 levels and 7 retail outlets on ground level
- 81 metre frontage on Frank Street with high commercial exposure
- 3 street frontages in total Frank Street / Brett Avenue / Robert Street
- 150m to the Broadwater
- Zoning for Medium Density Residential
- City plan height limit 29m (50% uplift approved for 13 levels)
- Retail approval includes Medical Centre and Pharmacy
- Total commercial area of 1,248m2
- 2 levels of basement parking plus ground level with a total of 193 spaces.
- Potential for reconfiguration of DA to include two towers onsite or for a Medical Centre (STCA)
- Potential for Build To Rent facility (BTR)
Location Features:
- Easy access to Broadwater and the Broadwater Parklands
- Close to Gold Coast University Hospital precinct
- Easy access to M1 motorway for travel North to Brisbane or South to Byron Bay
- Current Labrador population over 19,000 people with growth forecast of 2% p.a.
- Abundance of commercial and dining locations in the area
This is a unique opportunity to reimagine this large development site. Contact the selling agents for further details and a copy of the IM.
Paul Arnell - 0410 530 927 - paul.arnell@au.knightfrank.com
Jamie Bourke - 0417 077 277 - jbourke@bourkeqld.com.au
Disclaimer: Knight Frank Gold Coast 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 enquiries 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. No duty of care is assumed by City Commercial Gold Coast Pty Ltd T/A Knight Frank Gold Coast toward the recipient with regard to the use of this information and all information given is given without responsibility.
