3 Burra Street

Surfers Paradise QLD 4217

Prime Development Opportunity in the Heart of Chevron Island Surfers Paradise.Presenting a rare and highly strategic development opportunity in one of the Gold Coast's most tightly held precincts, 3 Burra Street, Chevron Island occupies a prime position within the heart of this premium urban island neighbourhood. Set on a 506 m parcel*, this property currently features a four-bedroom residence with car parking and storage, offering short-term holding income or renovation potential while development plans are formalised. Strategic Amalgamation UpsideA truly compelling feature of this offering is the potential to acquire the adjoining property at 1 Burra Street, creating a combined site of approximately 1,080 m*. This substantial consolidated landholding further enhances development scale, yield and design options, capturing greater density and value for a future development outcome. Buyers are encouraged to consider purchasing one or both lots to maximise development yield and long-term return potential. (*combined site area approximate, subject to survey).The property sits within a Neighbourhood Centre Zone, offering flexible development opportunities. Unlike typical residential zones, this zoning enables the incorporation of commercial uses such as ground-floor shopfronts or mixed-use components, subject to council approval (STCA). Combined with Chevron Island's strong resident and pedestrian activity, this presents a rare opportunity to deliver both lifestyle and commercial vibrancy in one location. (STCA = Subject To Council Approval). In addition to the commercial flexibility, the planning framework provides favourable development parameters, including enhanced site coverage up to 80% (STCA) compared to conventional residential allowances of 5055%, and relaxed setback requirements. These factors significantly improve development yield potential and design flexibility for a contemporary residential, mixed-use, or boutique commercial project. Location & LifestyleThe property is offered for sale by Expressions of Interest. All interested parties are invited to submit their Expression of Interest on or before 25 February 2026. The vendor reserves the right to accept any offer deemed satisfactory at any time prior to the closing date.Chevron Island offers an enviable lifestyle just minutes from Surfers Paradise beach, major shopping centres such as Paradise Centre and Circle on Cavill, an eclectic collection of dining and entertainment venues, and rapid access to broader Gold Coast employment and leisure precincts. The G:link Light Rail ensures connectivity from Broadbeach to Helensvale, making the island a liveable, highly connected destination for future residents or tenants. DisclaimerThe information provided herein is based on sources believed to be reliable but is not guaranteed. Prospective purchasers should make and rely on their own enquiries, including council planning verifications, land measurements, and development approvals. All development outcomes and yield potentials are subject to council approval (STCA).