52 Thomas Drive

Surfers Paradise QLD 4217

- Current Building Area: 663m2*
- Current Gross Income: $258,752 P/A*
- Zoning Allowance: Multi-level Mixed Use Highrise Development (STCA)
- Existing Approval: 30 apartments + 204m2 retail space with potential for further development (STCA)

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.