Premier High Return - High Density Development Approved / Investment Opportunity
(Neighbourhood Centre Zoning, Surfers Paradise)
- Land Area: 820m2*
Anthony Yu from YR Property Group is delighted to present 52 and 54 Thomas Drive, Surfers Paradise, for sale via Expression of Interest, closing Thursday, 12 September 2024, at 4:00 PM. This prime property comprises two separate titles, offering a unique development opportunity in the heart of Surfers Paradise.
Key Features:
- Prime Location: Situated in the exclusive Chevron Island precinct, just a short walk from the iconic Surfers Paradise Beach, this property is perfectly positioned for a wide range of high-density development projects.
- Significant Development Potential: With neighbourhood centre zoning and approval for a 12-level, 30-apartment mixed-use development, there are numerous possibilities for short-term accommodation, residential units, offices, retail spaces, and more. The zoning allows for multi-level highrise development, providing significant potential for additional uplift (STCA).
- Current Income: The existing buildings generate a gross income of $258,752 per annum*, providing an immediate return on investment while you plan and develop your project.
This rare opportunity to acquire a high-return, high-density development site in one of Australia's most sought-after locations is not to be missed.
For more information or to arrange a viewing, please contact the exclusive marketing agent:
Anthony Yu - 0430 324 031
*Approximate
**Disclaimer**:
YR Property Group has not independently verified the information provided. We make no representations or warranties regarding the accuracy of the information contained in this document, which does not constitute any part of an offer or contract. Prospective purchasers or lessees must conduct their own enquiries and satisfy themselves regarding the truth or accuracy of all information provided through their inspections, searches, enquiries, or other necessary means. YR Property Group assumes no duty of care toward recipients regarding the use of this information, and all information is provided without responsibility.
The size of Surfers Paradise is approximately 6.3 square kilometres. It has 20 parks covering nearly 7.3% of total area. The population of Surfers Paradise in 2016 was 23689 people. By 2021 the population was 26412 showing a population growth of 11.5% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation.In 2021, 45.00% of the homes in Surfers Paradise were owner-occupied compared with 39.90% in 2016.
Surfers Paradise has 25,396 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 48.67% increase in median value, while Units have seen a 96.48% increase. As at 30 April 2026:
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