Palm Beach, Gold Coast development site for sale

Palm Beach, Gold Coast development site for sale
Palm Beach, Gold Coast development site for sale

A triple block site with development prospects in picturesque Palm Beach on the Gold Coast has been listed.

The 1,215 sqm parcel at 16,18 and 20 Seventh Avenue is being marketed via an expressions of interest campaign closing on October 23.

The listing agents are Kevin Wheatley and Tanaka Jabangwe of Ray White.

The site comprises three blocks of land that have been owned privately by a local family for more than 15 years, Wheatley said.

“The owners have decided that now is the right time to sell,” he said.

This block is close to the beach and has potential for mixed-use development subject to council approval.

“Palm Beach is currently undergoing gradual gentrification with no signs of slowing down,” said Wheatley.

Jabangwe said the north facing property is in the centre-zoned region of Palm Beach with a height restriction of 39m and residential density ‘RD7’, allowing for one bedroom per 25 sqm of net site area.

“Commercial activities are largely promoted within the zoning, priming the site for a mixed-use development,” he said.

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Development Site Palm Beach

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