CBRE Gold Coast has brought to market an exclusive offering of a prime development site located at 34-36 Cougal Street, Southport. Spanning 1,031 sqm, this strategically positioned site presents significant development potential due to its positioning within the Southport Priority Development Area.
Situated in the heart of the Gold Coast's Central Business District, this location is recognised as the region's premier commercial hub, boasting a vibrant mix of residential, office, and retail offerings. The property is conveniently located near Australia Fair Shopping Centre, major arterial roads, and the Nerang Street Light Rail Station, providing seamless connectivity for future residents and end-users to both the northern and southern parts of the Gold Coast.
Mark Witheriff of CBRE highlighted the site's versatility, stating, “A variety of applications and schemes have been completed on this site, showcasing its broad range of potential uses—including residential, medical, and mixed-use developments. Additionally, there is the option to repurpose the existing non-habitable structure currently on-site.”
The Southport area is experiencing substantial growth, backed by a robust local economy valued at approximately $45.38 billion annually and a rapidly expanding population of around 666,000 residents.
The property is for sale by Expressions of Interest, closing Wednesday, 26 February 2025 at 4:00pm (AEST).
