19121625 | Frank Street LABRADOR QLD

LABRADOR, QLD 4215

Sold $1,200,000

Fantastic Development Site... Meters from the Broadwater

Sold - LABRADOR QLD

Site is now all cleared and is ready to build.

Fantastic exposure to one of main arterial roads on the Gold Coast.

Only meters from the Broadwater and trendy restaurants.

Central location with transport at your door step!

Realistic seller wants this property sold.

Speak with Amir Mian or Tamara Frazer today.

Medium Density Residential Zone with a 29m allowable height limit. Under the City Plan it lists the desired uses as per listed below.

Accepted uses are as follows:
* Sales office;
* Dwelling house;
* Homebased business (if home based child care);
* Possible code uses are as follows:
* Child care centre;
* Health services (code as it is located on a corner);
* Shop (if corner store and does not exceed 150m2);
* Dual occupancy;
* Multiple Dwelling (residential apartments);
* Residential Care/Retirement Facility; and
* Short-term accommodation (motel, serviced apartments, hotel, etc. – not student accommodation).

There are some other code uses listed in the City Plan that I have not listed above as they are smaller home based uses.
XL Architecture has done a very brief check/analysis of potential yield for residential as approx.. 32 apartments (2 bed, 45 car parks) may be possible. For commercial, as the ground floor would have a half up half down ramp loop, it would limit the commercial area on ground floor. Although note that if a car lift was utilised it may mitigate this issue.

Please note this is only very conceptual and to confirm this yield and/or potential uses it would need further work and a Site Analysis/prelim concepts. We advise for all buyers to take proper advice from Town Planner and Gold Coast City council and do their own Due Diligence and Prestige Property agents cannot be held responsible for the information above.

*=Approx
Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Prestige Property Agents and its employees cannot be held responsible for any inaccurate details supplied here

Property Features
  • Satelite
  • Transit
  • Bike
  • Comparables

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