After a five-week expressions of interest campaign, Lot 917, 'The Lakes' in Mermaid Waters, has sold to a local buyer for $16,000,000.
Kollosche Commercial agent Adam Grbcic commented that they received over 130 enquiries and multiple offers.
The perfectly positioned site is on a 14,170m2* North-facing block within the 42-hectare precinct on the corner of Hooker Boulevard and Bermuda Street, Mermaid Waters.
"The uptake of units in surrounding developments has been recognised by developers, leading to the high enquiry rate and multiple offers on all sites."
According to Adam Grbcic, there are very few parcels of vacant land left on the Gold Coast, let alone a site like this, centrally located with a rare aspect that captures views of the lake and city skyline.
Adam Grbcic says there is a real opportunity for developers to capitalise on the southern migration of residents and locals wishing to downsize.
"This site is primed to accommodate the significant population growth currently being experienced on the Gold Coast."
Adam Grbcic states, "we have a large quantity of remaining qualified buyers looking to invest, land bank or develop on the Gold Coast and surrounding areas."
For more information, contact Adam Grbcic on 0404 087 772 or Tony Grbcic on 0407 968 667.