Palm Beach apartment development site listed for auction
The development site at 215-217 Jefferson Lane, Palm Beach has been listed for auction.
The property will be sold at on-site auction on March 4 through Tony Grbcic and Adam Grbcic, at Kollosche Commercial.
It is marketed as "an irreplaceable opportunity to purchase a rare double block with absolute beachfront access on the highly desirable and sought-after Jefferson Lane location."
It is a 817sqm corner site with 20 metre frontage to both Jefferson Lane and Thirteenth Avenue.
The development plans for a prestige 9 level residential only building were lodged last June.
The application was approved with a development permit issued by Gold Coast Council in November last year.
The plans were a clam-shell-inspired apartment tower by Quahlee Property.
The owners of the properties are Christina Quinn, the former owner of Darrel Lea and VIP Petfoods, and Quahlee sole director Felicity Spittle, who was a former chief financial officer for both the Quinn companies.
The Contreras Earl design was for two basement levels, a communal ground level with a pool and eight residential floors.
There are eight three bedroom full floor apartments.
The 215 Jefferson Lane site is a recently a cleared and demolished site while 217 Jefferson Lane has a 2-storey, duplex.
"This opportunity would suit both local and interstate developers," Tony Grbcic said.
He noted "the current growth on the Gold Coast coupled with the next light rail stage passing this property in the coming years."
