Exclusively listed by Sheldon Paris of Initial Property Group, the substantial Scarborough Street landholding is positioned within the Southport Priority Development Area (PDA), offering unlimited building height and density and the potential to accommodate a major mixed-use development.
With a regular, square-shaped development footprint and three separate access points, the site presents an opportunity for developers and institutional investors to capitalise on one of the Gold Coast's most strategically positioned urban landholdings.
The property offers significant flexibility for a future development incorporating residential apartments, commercial offices, retail, hospitality and lifestyle facilities, with the potential to create a new destination within Southport's evolving city centre.
Southport's Next Chapter of Development
The listing comes as Southport experiences renewed development activity, with major private investment and infrastructure projects reinforcing its position as the Gold Coast's central business district.
Among the most significant proposals is developer David Devine's $1.5 billion over-55s residential and lifestyle precinct at 60 Marine Parade, featuring three towers and an extensive range of integrated health, wellness and recreational facilities.
Nearby, ODUS Property Group has lodged plans for a 40-storey residential tower overlooking the Broadwater, further demonstrating the scale of development being pursued within the precinct.
These projects, alongside continued investment in public infrastructure and transport connectivity, are contributing to the transformation of Southport into a higher-density residential, commercial and lifestyle destination.
The Scarborough Street site's position within this emerging development landscape offers an incoming purchaser the opportunity to contribute to the next generation of the Gold Coast skyline.
Scale, Connectivity and Development Flexibility
Spanning approximately 5,180m², the property benefits from an expansive, regular development footprint and three access opportunities via Scarborough Street, Marine Parade through Marshall Lane, and adjoining 14 Welch Street, which forms part of the offering.
The inclusion of 14 Welch Street provides additional flexibility for future site planning, including the potential to establish substantial internal vehicle access and parking arrangements.
The location also places future residents, businesses and visitors within walking distance of the G light rail, Australia Fair Shopping Centre, Chinatown and the Broadwater Parklands.
Importantly, the property is currently leased to a national tenant, presenting an opportunity to generate holding income while future development plans are progressed.
The proposed sale as a going concern may also offer potential GST advantages to an eligible purchaser, subject to the relevant transaction arrangements and professional advice.
An Opportunity to Shape the Gold Coast's CBD
Large-scale development sites combining a central CBD position, unlimited height and density provisions, and multiple access points represent an increasingly significant opportunity within the Gold Coast property market.
The Scarborough Street offering provides the scale and flexibility for a developer to pursue a substantial landmark project as Southport continues its next phase of growth.
The property is exclusively marketed by Sheldon Paris of Initial Property Group.
For further information or to discuss the development opportunity, contact Sheldon Paris at Initial Property Group.
