A significant residential development opportunity on the Gold Coast has become available for sale within the emerging cultural precinct of Chevron Island.
The 25-29 Mawarra Street site represents an amalgamation of three residential properties and provides a land parcel of approximately 1,517sqm.
CBRE Gold Coast Managing Director Mark Witheriff said, “It’s not often that a site comes to the market with an existing development approval for a contemporary north-facing apartment building that will feature coastline, canal and hinterland views.”
“Reinforcing the desirability of this opportunity is the urban island’s connection via the Green Bridge to the 16.9ha HOTA Precinct that includes the architecturally designed HOTA Gallery, outdoor stage and concert lawn, cinema, café, restaurant and a rooftop bar,” Mr Witheriff added.
Chevron Island is firmly part of the Surfers Paradise story. The island is disconnected from Surfers Paradise’s west by the Nerang River, and has formed its own sense of character and village feel.
The Mawarra Street site benefits from an existing development approval for 105 one, two- and three-bedroom apartments. The proposed building includes luxury rooftop amenities with a pool, gymnasium and BBQ area featuring sunken lounges and multiple dining areas, all facing the ocean and the Surfers Paradise skyline.
Mark Witheriff added, “Chevron Island has a unique village feel with the Thomas Drive retail and restaurant strip, waterfront parklands and now its unique connection to HOTA via the Green Bridge. These attributes have underpinned a strong appetite for new apartments, and we expect buyers will seek to take advantage of this already amalgamated and development-ready site to create a stunning inner-city living vision on the island.”
CBRE will market the site via an Expressions of Interest campaign that will close on Thursday 2 September 2021 at 4pm.
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