GV Property Group is pleased to present Shoalwater, a rare opportunity to secure a substantial high-density development site in one of Broadbeach’s most tightly held coastal precincts.

Comprising 31 Britannia Avenue and 142 Surf Parade, the combined site spans approximately 1,811m²* across two lots and offers an impressive 83m frontage*.

Positioned just 300m from the beach*, the property is surrounded by Broadbeach’s established dining, shopping and lifestyle amenities. Pacific Fair Shopping Centre, Broadbeach Park and the nearby Light Rail Station are also within easy reach.

Zoned High Density Residential, the site offers strong potential for a premium apartment development, subject to relevant approvals. Under the City Plan, the site has no maximum building height and benefits from an RD8 residential density designation, providing a compelling planning framework for future development.

The existing holding comprises 17 units across the two lots, providing holding income and flexibility while future development options are explored.

Key Highlights: 

• Combined site area of approximately 1,811m²*

• 83m* combined frontage

• Two adjoining lots

• High Density Residential zoning

• No maximum building height under the City Plan

• RD8 residential density

• Existing holding income across 17 units

• Approximately 300m* to Broadbeach Beach

• Close to Broadbeach’s dining, shopping and lifestyle precincts

• Accessible to Pacific Fair Shopping Centre and the Light Rail Station

• Offered via Expressions of Interest

Location

Shoalwater is positioned within a well-established coastal precinct, surrounded by Broadbeach’s major lifestyle, retail and transport amenity.

The beach is approximately 350m* away, while the surrounding area is home to a growing collection of high-rise residential developments, established dining destinations, shopping facilities and key transport connections.

The site’s position within Broadbeach provides an attractive foundation for a future residential development outcome, subject to planning, design and development approvals.

Development Potential

The combined holding is situated within the High Density Residential zone and benefits from no maximum building height under the City Plan.

A range of land uses are supported within the zone, including multiple dwellings, short-term accommodation, shops, food and drink outlets and health care services, subject to the relevant assessment criteria and approvals.

The site’s substantial land area, combined frontage, existing holding income and proximity to the beach create a compelling opportunity for developers seeking a sizeable coastal development holding.

*Approximate. Subject to due diligence and relevant approvals.