Queensland Developments

A major landholding within the master-planned Queen Street Village precinct at Southport has been placed on the market, presenting one of the biggest development opportunities in the Gold Coast’s central CBD in a number of years.

The landholding, comprising three adjoining sites totalling 5401 sqm, is being presented collectively to the market by Colliers through an expressions of interest campaign under the instructions of the mortgage exercising power of sale.

Colliers has called for expressions of interest in lots seven, eight and nine, which are located at the corner of Nerang Street and Queen Street, and already have preliminary planning approvals in place.

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The sites, located just one-kilometre from the Southport Broadwater and the Broadwater Parklands, are within the Southport Priority Development Area which allows for multiple uses without height restrictions.&nbsp;

Lot seven spans 1,787 sqm, with preliminary approval for a 12-storey apartment building comprising 52 units, along with a string of residential amenities, such as a rooftop terrace.&nbsp;

Lot eight, with a land area of 2,414 sqm, holds preliminary approval for a student accommodation facility comprising 480 beds, while lot nine comes with a land area of 1,200 sqm, located along Nerang St, with approval for a 14-storey hotel building, providing 160 suites and a rooftop terrace.&nbsp;

The sale is being jointly co-ordinated by a trio of Collier’s senior Gold Coast team, with Steven King, the Gold Coast Director in Charge at Colliers and Colliers Directors, Development Sites, Troy Linnane and Brendan Hogan, taking the reins.&nbsp;

Steven King spoke to the emerging suburb, pinning it as one of the Gold Coast’s most active development zones, with the site presenting a significant opportunity in the heart of the city’s designated CBD.&nbsp;

“It’s one of the largest sites to come on the Gold Coast market in many years and offers development interests the option of moving quickly and bringing to market the existing development proposals or to create a new landmark legacy within the Queen Street Village master plan,” King said.&nbsp;

“We anticipate the scale of the site and the advanced stage of approvals currently in place will garner considerable national interest at a time of severe undersupply in the Gold Coast residential market.”

The Queen Street Village holding is strategically located adjacent to the Nerang Street Light Rail Station, providing direct access to the Gold Coast’s key employment nodes such as the Gold Coast University Hospital and the Griffith University to the north.&nbsp;

It also provides access to the tourism and lifestyle hubs of Surfers Paradise and Broadbeach, including The Star Casino and Pacific Fair Shopping Centre, which are to the south.

“The corner location offers a high level of exposure to both Nerang and Queen Streets for any proposed development,” said Linnane.

“The three lots also benefit from multimillion-dollar expenditure in development works that have already been completed to date for the Queens Street Village development, and they also carry applicable infrastructure credits.”

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Hogan said the Southport holding presents a prime ‘shovel ready’ opportunity to capitalise on robust market conditions in the Gold Coast residential and tourism market.

“Record low residential vacancy rates, together with strong population growth, major investment in infrastructure and a rebounding tourism sector have put the Gold Coast on a strong trajectory to continue its post-pandemic boom well into the coming decade,” said Mr Hogan.

“A potential buyer could conceivably move into development of this site quite quickly, but because of its location within the Southport Priority Development Area Precinct 1, it presents an opportunity to explore multiple alternate uses.”

Precinct One defines the central Southport area as one of regionally significant commerce that will deliver a hub of innovative business, economic activity, entertainment, and leisure, with high levels of public transport connectivity to the rest of the city.&nbsp;

This zoning allows development of a diverse mix of residential and non-residential CBD uses such as offices, showrooms and health care services.&nbsp;

Colliers will provide qualified parties access to further information, including current approvals, upon request.

The expressions of interest campaign will close on Thursday 27 th October 2022 at 4pm.

The site is also positioned within the emerging Queen Street Village development, with the first stage recently opened, delivering a Supa IGA supermarket, Dendy Cinemas and a range of specialty retail tenancies.&nbsp;

Further developments proposed as part of the Queen Street Village master plan include two residential apartment towers that will deliver a total of 216 units and a vertical retirement village.

The landholding, comprising three adjoining sites totalling 5401 sqm, is being presented collectively to the market by Colliers through an expressions of interest campaign under the instructions of the mortgage exercising power of sale.



alisonwarters@gmail.com

Colliers launch expressions of interest campaign for ‘shovel ready’ development in the Southport CBD

Queensland&rsquo;s CFMG Capital group have acquired more than 1,500 allotments, worth over $450 million, across South East Queensland and Melbourne recently, launching three new projects in the start of 2022.

With a gross realisation of more than $100 million, the company&rsquo;s latest site acquisitions at Park Ridge, Caboolture and Rochedale, will yield more than 320 lots.

Over the last six months, the company has spent more than $60 million acquiring development sites around SEQ and Melbourne.

CFMG Capital General Manager, Andrew Thomson, said the new projects would be underpinned by the continued demand for land in the southeast of Queensland as strong, underlying conditions drive demand.

&ldquo;Migration to Queensland is approaching the best levels in years, which means strong demand for new house and land in high growth corridors,&rdquo; Thomson said.

&ldquo;The market is still struggling to service the demand for new homesites in Queensland, and we expect that to be the situation for most of 2022, particularly in the high growth, affordable corridors.&rdquo;

The Park Ridge site, which is due to settle in late 2022, borders Koplick Road and will comprise 249 new lots &ndash; released as an additional stage to the company&rsquo;s existing Birchwood project, in March.

&ldquo;Park Ridge and Logan have been an outstanding market for CFMG Capital, and we have already delivered more than 500 lots in the area, and we think it will continue to be a popular destination for first and second-home buyers,&rdquo; Thomson added.

CFMG Capital has also completed the acquisition of a 3.1 ha site at Caboolture, on Brisbane&rsquo;s north, launching the project to market in January. Earmarked for Pumicestone Pocket, it comprises 60 lots ranging in size from 300 to 510 sqm.

The group has also picked up a 3.5 ha rural residential development site at Rochedale, set to deliver 10 super-size homesites. The development is pitched to launch before June, with prices starting from $1.5 million.

The Sovereign Estates project will provide lots with an average 2,000 sqm, developed within close proximity to Mayfair Lane &ndash; a project previously completed successfully by CFMG Capital. The three new projects follow the completion of securing more than $20 million worth of new sites across Brisbane&rsquo;s northern growth corridor, in 2021.

With a gross realisation of more than $100 million, the company’s latest site acquisitions at Park Ridge, Caboolture and Rochedale will yield more than 320 lots.



CFMG secure three new residential development sites in Brisbane's North

Opus, the Broadbeach development by the locally renowned Morris Property Group, is nearing completion.

The 113&nbsp;apartment project spans 27 levels on the&nbsp;northern edge of Broadbeach, giving&nbsp;residents a number of views, either&nbsp;north over hectares of green space or&nbsp;the lights of Surfers Paradise and&nbsp;the Pacific Ocean to Coolangatta.

Morris Property Group have a solid reputation in the area, having previously&nbsp;built the nearby Eclipse on Broadbeach, as well as the separate developments Ivory and&nbsp;Element on Burleigh Beach.

[smartcode_project:default project_id=6999 project_image_fid=86622]

Entry is an immediate statement of luxury at Opus, with the&nbsp;elegant lobby entrance highlighting a rich palette of stone and timber and fully glazed glass walls

Every apartment in Opus have been thoughtfully designed and finished to the highest quality to complement its premium position.

The extra large apartments with some&nbsp;featuring two&nbsp;living areas feature European appliances and fittings by Smeg, Franke &amp; Parisi as well as&nbsp;&nbsp;SubZero and Wolf appliances, handmade in the USA.

[smartcode_project:default project_id=6999 project_image_fid=86629]

Opus&rsquo;s facilities extend over two levels and exude resort style ambiance and sophistication.

Residents will enjoy a sun-drenched plunge pool, lush landscaped gardens, undercover entertaining terrace, outdoor undercover barbecue facilities, yoga lawn and a fully equipped modern gymnasium.

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Delivered by Morris Property Group, the 113-resident project features open-plan living and views over Surfers Paradise in two and three-bedroom configurations

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Opus at Broadbeach nears completion

The Heran Building Group have focused on the residents amenities at its Gold Coast development Midwater, nestled between Main Beach and the Nerang River.

Designed by Cottee Parker Architects, the apartments have been designed as a collection of open light-filled spaces with seamless connection to the natural environment.

There are 106 apartments in the 38 level tower at 3496 Main Beach Parade, with the amenities crowning the development.

[smartcode_project:default project_id=7356 project_image_fid=25495]

The amenities include an infinity pool, smart home automation a fully equipped well-being centre with gym, outdoor yoga, steam &amp; sauna facilities plus a great selection of world-class amenities nearby.

Resort-style luxury is further curated through durable fixtures and fittings enhanced by warm lighting.

The open plan kitchen, living and dining&nbsp;areas open&nbsp;to large entertaining terraces, while full height glass sliding doors and louvres open to allow cooling breezes inside.

Additionally, smart home automation gives residents easy access to an integrated system of devices designed for comfort, security and convenience. Lighting, audio and video, blinds, air-conditioning and security are all controlled by your all-in-one touch screen, remote or smart phone.

&nbsp;

[smartcode_project:default project_id=7356 project_image_fid=82552]

Midwater offers both beach and riverfront access. There&#39;s also a fully automated valet.

Prices start from&nbsp;$649,900 for a one bedroom apartment, $849,900&nbsp;for a two bedder and&nbsp;$1,779,900 for a three bedroom apartment.

A limited number of residences are on offer with breathtaking sea views, stunning interior design and luxurious resort-style amenities

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