Rare Development Opportunity on Palm Beach's Coveted Coastline


February 2024
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Rare Development Opportunity on Palm Beach's Coveted Coastline

CBRE Gold Coast and JLL proudly announce the exclusive offering of 62-64 Jefferson Lane, Palm Beach, one of the last remaining development sites of scale along arguably the most sought-after stretch of coastline on the Gold Coast.

This landmark 2,185 sqm (approx.) site with dual street access boasts favourable Medium Density Residential zoning with potential development to twenty-nine metres as code assessable. Tim Jones of JLL said, “The site is primed for a range of possibilities, particularly a mid-rise or high-rise multiple-dwelling development or short-term accommodation, with the opportunity for commercial uses to be retained or new tenancies proposed at the ground floor.” 

Mark Witheriff of CBRE went on to say, “The residential markets of the southern Gold Coast and particularly Palm Beach have continued to outperform other beachside locations due to the boutique nature, strong lifestyle community and some of the best F&B offerings in the City. The existing improvements offer a fully leased commercial building fronting the Gold Coast Highway, and ten generously sized townhouses fronting Jefferson Lane, which delivers a secure holding income to allow an incoming purchaser the ability to hold the property whilst development approvals are sought.” 

Positioned amidst modern residences the site itself is located between two separate beach access points approximately less than 100m away, and is supported by complimentary retail and dining options along the western side of the Gold Coast Highway headlined by Pavilions Palm Beach – a modern, Coles-anchored shopping centre. 

62-64 Jefferson Lane stands as a generational opportunity in Palm Beach and offers a canvas for transformative design allowing protected, uninterrupted views and a desirable coastal lifestyle. 

The property is offered for sale via Expressions of Interest closing Thursday, 21 March 2024. 

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