Broadbeach site with DA approved residential tower plans hits the market
While it's becoming more and more rare to find a prime beach fronting development site along the Goldie these days, recent town planning changes are making those sites with approved plans that much more of a hot commodity.
Throw that in with the continued demand from downsizers, rightsizers and owner-occupiers, all looking for their slice of paradise in the sunshine state - it’s a pretty rare and often difficult find.
In what will be an unrivalled location, coupled with the fact it will never be built out, a site has recently hit the market in Broadbeach, with approval to build a boutique residential tower with a wine bar, cinema and cafe.
Aerial shot of the DA approved Broadbeach site
Occupying a substantial corner parcel on the corner of Old Burleigh Road and Armrick Avenue, the two adjoining lots offer 1,283 sqm located just 300 metres from the beach.
Kollosche Commercial agents Adam Grbcic and Tony Grbcic are calling for expressions of interest in a national marketing campaign, targeting local and interstate developers.
Adam Grbcic said the site was purchased and plans lodged prior to major changes to the town plan which would significantly impact what was possible on the same site today.
“What will sell this site is the fact that the approval was obtained under the previous scheme,” said Grbcic.
“The impacts under the new scheme include the removal of podium parking and the new setbacks, which would likely have had a significant impact on the design.”
The site holds Development Approval for ‘Casa Beach’, a 46-storey tower designed by Ferro Chow Architects with a total of 59 residential apartments - including a mix of three, four, and five bedrooms - and three levels of basement car parking.
Render of the approved Casa Beach tower.
Communal space atop the podium on level two and at level 44 allows for resident facilities including a gym, dining room, swimming pool, kitchen and barbecue area, steam room, lounge areas, a wine bar, and a cinema, with generous landscaping also proposed.
Opposite Broadbeach Bowls Club and the Broadbeach United Soccer Club, Casa Beach is designed to capitalise on south-easterly views over Broadbeach that can’t be built out and a northern view of the Surfers Paradise skyline.
“The project is very much aimed at downsizers and interstate buyers who are seeking home-sized apartments in a popular beachside lifestyle location,” said Grbcic.
“Build now or build later, time to market is immediate as developers can advertise with a DA in place.”
The approval, which is valid for five years, also has provision for a food and drink outlet on the ground level.
Existing improvements on 101 Old Burleigh Road include a commercial development tenanted by a liquor store and a cafe, while 99 Old Burleigh Road is home to Casa Del Mar, an original three-storey walk-up of five apartments.
Grbcic said Broadbeach remained an A-grade suburb for developers due to the high demand from downsizers looking to relocate to the city’s leading lifestyle suburb.
“Broadbeach is our key suburb during this property cycle and it will remain so during the next,” said Grbcic.
“There are limited sites this close to the beach; the closer you get to the sand, the harder it becomes to amalgamate sites.
“This is where locals want to downsize to because of the amenities – you’ve got the Star Casino, Pacific Fair, a really nice beach, the best surf club on the Gold Coast, the Oracle dining precinct – it’s all right there on the doorstep.”
Expressions of interest on 99-101 Old Burleigh Road, Broadbeach close on Friday, 2 December 2022 at 4pm (AEST).
