Adam Grbcic and Tony Grbcic from Kollosche Commercial are proud to exclusively present 38–40 Darrambal Street, Surfers Paradise ("The Site").

Positioned in the heart of Chevron Island, this prime development opportunity comprises two adjoining lots totalling 1,060m²*, ideally located just moments from the beach, the HOTA precinct, and Surfers Paradise's bustling retail and entertainment hub.

The property benefits from a favourable High Density Residential zoning with unlimited building height, providing an exceptional opportunity for developers to deliver a landmark residential project that captures sweeping city, ocean and hinterland views.

Currently improved with a two-storey apartment building (four units) and a separate single residential dwelling, the site also generates a strong holding income of $98,010* p.a. while future development plans are being progressed.

Chevron Island is undergoing a transformation into a luxury owner-occupier community, with multiple high-end projects either completed or under construction. With limited remaining amalgamated development sites available, this offering stands out as a truly rare opportunity.

Key Attributes Include:

Land area: 1,060m²* across two titles

Zoning: High Density Residential with RD6 density (1 bed per 33m²*)

Unlimited building height allowance

Combined street frontage: 36 metres*

Existing improvements provide $98,010* p.a. net income

38 Darrambal: 119m²* house | 40 Darrambal: 310m²* four-unit block

Walking distance to Chevron Island retail village (300m*),

HOTA via green bridge (400m*),

Surfers Paradise beach (850m*),

Light rail (1km*)

Surrounded by major completed and upcoming luxury developments

This is a genuine opportunity to secure a premium-positioned site in one of the Gold Coast's most tightly held and desirable precincts.

Offered for sale via Expressions of Interest closing Friday 2nd May 2025.

For further information or to arrange an inspection, please contact the exclusive agents Adam or Tony Grbcic from Kollosche Commercial.

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