New developer to take on Robina apartment development

Opportunity knocks for apartment buyers looking for an apartment in the heart of the Robina CBD.

GV Property Group's Antonio Mercuri and Luke Reaby, who amalgamate and sell sites to developers up and down the Gold Coast, have just listed a development approved site at 46 Scottsdale Drive.

"This is a rare opportunity to secure a shovel ready development site in a prime central location of Robina targeting a large spread of buyers who desire apartment living at an affordable price point." Mercuri says.

"The current owners of the site worked closely with top consultants to deliver a very efficient and desirable project suitable for this Robina location."

The future buyer is expected to go through with the development approved plans created by BDA which is for a seven level building with 100 apartments, rooftop and ground level amenity, and over 400 sqm of commercial space. 

The expansive 4,719 sqm site has 75 metre frontage to Scottsdale Drive, a prime location next to Robina's central business hub.

GV Property Group have expressions of interest until July 28.

Pezet Matheson's Todd Matheson, who has been working the vendors, John and  Fu-Mei Hutchins who are well known for their horse breeding facility Element Hill Stud in Running Creek, believes the project will fill a gap in the Gold Coast market.

"We have been working alongside the current owners of this project through the design phase to assist in providing the best type of product for the current market and the perspective purchasers for it," Matheson says.

"We are confident the project will fill a gap in the Gold Coast market, delivering a product at affordable price points."

Matheson says the site is in a highly desirable location, allowing an emphasis of walkability and accessibility to the highway, along with beautiful hinterland views.

The end value of the project, depending on finishes and the timing of the launch, could be north of $77.5 million, Matheson estimated.