21371874 | Frank Street LABRADOR QLD

92-94 Frank Street LABRADOR, QLD 4215

For Sale $2,750,000

Prime Corner 858m2* Development Site 280* Metres from the Broadwater

Retail - LABRADOR QLD

The site consists of a block of 4 units and a freestanding home, which is currently used as business premises.

Fantastic exposure on the main north/south arterial road between Southport CBD and the northern suburbs of the Gold Coast.

Only a short walk to the Broadwater, restaurants and parklands, surrounded by medium density apartments.

A central location with public transport at your doorstep!

This is an exceptional opportunity to purchase a prime development site. These two properties combined represent outstanding value in the marketplace.

Our vendors are not testing the market, this property will be sold!

Speak with Amir Mian or Marc Keswell 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 homebased childcare);
* Possible code uses are as follows:
* Childcare 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
  • Retail
  • Land is 858 m²
  • Floor Area is 303 m²
  • Satelite
  • Transit
  • Bike
  • Comparables

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