4 Glenelg Avenue

Mermaid Beach QLD 4218

Commercial tenants in place returning; Circa $70,000 Nett per annum.
Total Site Area: 810m2 approx. Total Frontage: 20m approx.
Current Land Zone: Medium density residential zone code
Current Building Height Zoning: 9m
Current Residential Density: RD3
However, there is scope to potentially go beyond this with a Higher Density and or maybe mixed Use (Commercial).
3 Bondi Avenue (405sqm with 10m Frontage) that backs onto 4 Glenelg Avenue is also available to purchase. Further details available.
In summary:
the subject site is located in the Medium Density Residential Zone under the Gold Coast City Plan 2016;
the City Plan 2016 affords the site a designated building height of 2 storeys (9m) and a planned density of 1 dwelling per 250m2;
future stages of the Gold Coast Light Rail are anticipated to travel along the Gold Coast Highway, in close proximity to the site;
under City Plan 2016 the site could be redeveloped to accommodate up to four (4) townhouses, defined as Multiple Dwellings, via a Code Assessable development application process subject to complying with the designated building height;
the development of the site for commercial purposes (eg. caf or health care services) or a more intense residential use (eg. three-storey walk up or three-storey townhouses) could potentially be achieved subject to an Impact Assessable development application process.
Further details available upon request.
Please contact Antonio Mercuri on 0434 629 521 or email: antonio@gvpropertygroup.com
*Note re Image: The highlighted site size is a approximate.