Surfers Paradise apartment development site listed
Located at 2921 Gold Coast Highway, the offer comprises the D’Arcy Arms hotel and a neighbouring site that is currently a car park
Jonathan ChancellorSeptember 9, 2021
The freehold interest in Surfers Paradise’s popular Irish pub, the D’Arcy Arms has hit the market, providing a sought after residential-tourism opportunity.
Located at the corner of 2921 Gold Coast Highway and Aubrey Street, the offer comprises the D’Arcy Arms and a neighbouring site that is currently a car park.
It is 250 metres from the beach.
This 3,154sqm site is an amalgam of two lots and is zoned High Density Residential, with no height restrictions.
Vendor Mick Power, Chairman of BMD Group, has appointed Mark Witheriff and Daniel Doran from CBRE Gold Coast and Paul Fraser from CBRE Hotels, to manage the expressions of interest campaign.
It closes on October 6.
Power bought the pub in 2004. It had been trading since 1988.
“The D’Arcy Arms and adjoining land is in a development hot spot near Northcliffe where activity continues to increase as developers seek to meet sustained market demand, with major developers such as Central Equity and David Devine recently announcing new projects in the area,” Mr Witheriff said.
The Star Casino, Gold Coast Convention & Exhibition Centre and the Pacific Fair Shopping Centre are all within a short distance, with the Gold Coast Airport a 35-minute drive.
The light rail station is just a short stroll from the site and connects patrons from Helensvale to Broadbeach.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.