A Super Rare CBD Zoned Development Opportunity “Eloquence” – UNLIMITED HEIGHT RESTRICTIONS

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Investment Summary

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SMSF
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FIRST HOME BUYERS
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10 Year Rental Gurantee
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Valuation OK
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Growth Location

Australia’s Gold Coast is an ever-growing market driven by tourism averaging a growth rate at 2.7%pa. With the backing of Gold Coast City Council and both State & Federal Government, Southport has been chosen as the Gold Coast’s CBD with over $13.5 billion invested into infrastructure ready for the 2018 Commonwealth Games. With such growth predicated & supported by all the Governments, the time to invest in Southport is now.

A landmark development in the heart of Australia’s Gold Coast, located only minutes’ walk from some of the country’s most pristine beaches; Eloquence is Development ready, with land cleared and Development approval for 200 residential units.

Eloquence, having a market derived unit mix (58 x 1 bedroom units, 116 x 2 bedroom units, & 26 x 3 bedroom units) is the perfect complement to the current demand by buyers. Wanting to provide amenity to the community and future residents of the building, Eloquence has 11 sky gardens and a communal roof-top garden terrace. The site also benefits from current zoning having unlimited height restrictions, meaning an incoming developer may increase the current yield of the project.

Two differentiating factors from others sites in the area:

1 – This site is approx. 10 meters (RL above Sea Level.)
2- This site is NOT in the Gold Coast Airport Flight Path, thus unlimited height.
3- Unlimited Height (not in the flight Path as most of Southport is)
4- We don’t hit Hard Rock until the very end of basement 3 Carpark

Summary

-D.A approved
– 1,388m2 Site Area
– 31 Levels
– 200 Apartments
– Mix of 1(29%), 2(58%) & 3(13%) Bedroom Units
– 11 Sky Gardens
– Rooftop BBQ & Recreation Deck
– Level 4 Recreational Pool Deck
– 183 Car Parks / 207 Bicycle Racks
– Southport CBD Precinct 1
– Panoramic Ocean and Beach Views
– Panoramic Mountain Views
– Walk to Southport Chinatown, Australia Fair Shopping Centre & Broadwater Parklands

Property on Map

Agent Graeme Cook QLD Lic No 3204622 NSW Lic No 20116171

  • Office : 1300 617 277
  • Mobile : 0421 913 955


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