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17 Illawong Street, Surfers Paradise is a 3,033m2 site with a combined 90m* dual street frontage to Illawong and Dalpura Streets, located in the highly sought after precinct of Chevron Island.
The site is within walking distance to numerous cafes, restaurants, bars, entertainment, the Nerang River and the world famous Surfers Paradise Beach. The site currently comprises 20x two-storey townhouses providing significant holding income.
Chevron Island offers a mix of retail, commercial, low and high density residential dwellings as well as some of the most prestigious homes on the Gold Coast.
Chevron Island is ideally located within walking distance to the iconic HOTA Precinct (art and entertainment precinct), and Ferry Road (to the west) and the Surfers Paradise Retail and Entertainment Precinct (to the east).
The asset is currently providing a gross income of circa $445,000. A tenancy schedule can be provided upon request.
Development Approval Summary:
The proposed development consists of two towers where the south tower will consist of 36 storeys and the northern tower of 31 storeys. The development proposes a mix of two and 3-bedroom units totalling 277 apartments. 381 resident car parks are to be provided within three levels of basement and two podium levels with 30 visitor car parking spaces are proposed on the ground level. A recreation deck comprising of pools, breakout spaces, barbeque facilities, lounge areas, gym, work from home space, sauna, steam room and landscaping will provide high quality facilities for residents and their guests. The typical tower floorplates are proposed to comprise of five units per floor.
Alternative Development Potential:
There is also the potential to subdivided the site into two separate lots with an indicative outline provided.
This would provide an approximate footprint of 1,515m2, with block dimensions or approximately 45.2m x 33.63m.
Nearby 12-16 Weemala Street, Chevron Island is under construction which is a 1,518m2 site. The site dimensions are 45.42m x 33.47m. They have achieved 102 apartments across a 20 storey tower, with 2 basement levels and 3 levels of above ground carparking, plus rooftop Amenity. Plans for 12-16 Weemala Street are provided in the dataroom.
For Sale via Negotiation
Please contact the exclusive marketing agents, Luke Reaby and Antonio Mercuri from GV Property Group for more information or to access the dataroom information.
17 Illawong Street, Surfers Paradise is a 3,033m2 site with a combined 90m* dual street frontage to Illawong and Dalpura Streets, located in the highly sought after precinct of Chevron Island.
The site is within walking distance to numerous cafes, restaurants, bars, entertainment, the Nerang River and the world famous Surfers Paradise Beach. The site currently comprises 20x two-storey townhouses providing significant holding income.
Chevron Island offers a mix of retail, commercial, low and high density residential dwellings as well as some of the most prestigious homes on the Gold Coast.
Chevron Island is ideally located within walking distance to the iconic HOTA Precinct (art and entertainment precinct), and Ferry Road (to the west) and the Surfers Paradise Retail and Entertainment Precinct (to the east).
The asset is currently providing a gross income of circa $445,000. A tenancy schedule can be provided upon request.
Development Approval Summary:
The proposed development consists of two towers where the south tower will consist of 36 storeys and the northern tower of 31 storeys. The development proposes a mix of two and 3-bedroom units totalling 277 apartments. 381 resident car parks are to be provided within three levels of basement and two podium levels with 30 visitor car parking spaces are proposed on the ground level. A recreation deck comprising of pools, breakout spaces, barbeque facilities, lounge areas, gym, work from home space, sauna, steam room and landscaping will provide high quality facilities for residents and their guests. The typical tower floorplates are proposed to comprise of five units per floor.
Alternative Development Potential:
There is also the potential to subdivided the site into two separate lots with an indicative outline provided.
This would provide an approximate footprint of 1,515m2, with block dimensions or approximately 45.2m x 33.63m.
Nearby 12-16 Weemala Street, Chevron Island is under construction which is a 1,518m2 site. The site dimensions are 45.42m x 33.47m. They have achieved 102 apartments across a 20 storey tower, with 2 basement levels and 3 levels of above ground carparking, plus rooftop Amenity. Plans for 12-16 Weemala Street are provided in the dataroom.
For Sale via Negotiation
Please contact the exclusive marketing agents, Luke Reaby and Antonio Mercuri from GV Property Group for more information or to access the dataroom information.
17 Illawong Street, Chevron Island, QLD, 4217
