73 Garfield TerraceSurfers Paradise QLD 4217
Property Details for 73 Garfield Tce, Surfers Paradise
Last Listing description (September 2021)
'The Premiere', 71 Garfield Terrace, Surfers Paradise is a prime, direct beachfront development site which is improved by a significantly under-developed eight-storey, six-unit apartment building.
71 Garfield Terrace offers 20 metres* of direct beach frontage and has a total land area of 865sqm*, and under the LAP for the suburb has no maximum restrictions on building height, therefore has the potential to be developed into a premium residential tower.
The existing eight-level 'The Premiere' building situated on the site, consists of four full floor apartments, one two-level apartment, and a two storey penthouse, and additional rooftop pool with view terrace. On the ground floor there is basement parking, an outdoor swimming pool and barbecue terrace overlooking the beach. The existing improvements give the incoming purchaser a unique opportunity to either occupy themselves, or holiday rent, and enjoy a significant holding income, whilst approvals are being sought for the future development of the site.
- Currently improved by under-developed eight-storey six-unit apartment building
- 865 sqm site* with 20 metres* beach frontage
- Ideally suited for premium residential tower
- Close to wide range of lifestyle amenity
(* Approximate)
Property History for 73 Garfield Tce, Surfers Paradise, QLD 4217
- 17 Aug 2021Listed for Sale For sale by Expressions of Interest
Recent sales nearby
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0About Surfers Paradise 4217
The size of Surfers Paradise is approximately 6.3 square kilometres. There are 20 parks, covering nearly 7.3% of the 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 25,805 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 43.77% increase in median value, while Units have seen a 76.73% increase. As at 31 August 2026:
- The median value for Houses in Surfers Paradise is $2,717,913 while the median value for Units is $848,183.
- Houses have a median rent of $1,265 while Units have a median rent of $770.
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