Colliers, McVay Real Estate & JLL are pleased to present for sale The Sheraton Grand Mirage Resort.
The Sheraton Grand Mirage Resort, Gold Coast is one of only two absolute beachfront international resorts on the Gold Coast and is indisputably a true landmark hotel which is genuinely irreplaceable.
The unquestionable development opportunity together with potential rebranding is acutely obvious and adds tangible value. The likelihood of anyone ever assembling a 3.45ha* beachfront site on the Gold Coast is considered extremely remote in terms of financial cost and the practicalities of dealing with the number of property owners such an amalgamation would require. Every astute investor with an interest in prime Australian real estate should consider this investment opportunity.
Expressions of Interest closing Friday 21st April 2023 at 4pm.
For further information, please contact the exclusive selling agents.
*Approximately.
The size of Main Beach is approximately 3.1 square kilometres. It has 5 parks covering nearly 46.3% of total area. The population of Main Beach in 2016 was 3883 people. By 2021 the population was 3998 showing a population growth of 3.0% in the area during that time. The predominant age group in Main Beach is 60-69 years. Households in Main Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Main Beach work in a professional occupation.In 2021, 66.60% of the homes in Main Beach were owner-occupied compared with 55.10% in 2016.
Main Beach has 3,943 properties. Over the last 5 years, Houses in Main Beach have seen a 42.23% increase in median value, while Units have seen a 94.95% increase. As at 31 March 2026:
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