Located on Marine Parade, Labrador opposite beach fronted public park adjoining the south and western sides of the Gold Coast Council parkland and facilities.
The property occupies a prime position on the Brisbane Road with never to be built on Broadwater views across parkland just 500 meters from Charis Bros Fish Restaurant and Shops, the Grand Hotel and sporting facilities.
Current annual income from rentals $93,600 +

Redevelopment – Residential use.
Gold Coast City Council policy indicates a residential development of 7 levels however we believe that sites North and South of this site have approvals in place for 11 to 15 levels which would set precedence for allowing this site to increase its height to say 13 levels, offering a tapering effect to the visual landscape.