MIXED USE-FUTURE DEVELOPMENT POTENTIAL-RD8 HIGH DENSITYThis outstanding 43 M river frontage site is 3,299m2 of true development potential in the priority development area (PDA) of SOUTHPORT. One of only a exclusive of riverfront sites,one of the largest sites with RD8 zoning.Property Overview:Discover a golden investment opportunity in the heart of the Gold Coast, one of the Gold Coast's most vibrant and sought-after precincts. Presenting a Commercial Property that is not just a place but a destination for food lovers and enthusiasts. This prime commercial property is making it an excellent addition to your investment portfolio.KEY FEATURES;1. Location, Location, Location: - 43 M river frontage -Broad development zoning options -98 of 101 lots are now available all in a one line sale -Approx. $2,000,000 annual gross revenue.Situated in the heart of Southport, a thriving and cosmopolitan hub of the Gold Coast.Benefiting from high foot traffic, excellent visibility, and easy accessibility with parking also within close reach to public transport including the tram and bus stop.Surrounded by premium dining, shopping, and entertainment options.2. Current Use :A beloved local institution, this food establishment has become a success story on the dining circuit with over 200 seats with interior and alfresco dining areas Renowned for its fantastic food choices, a food lovers destination , and an inviting atmosphere, this venue has attracted locals and tourists for its dining choices.3. Unique Space:Inspired by the Seafood influence, the decor is showcasing built-in cabinetry, dining booths, tables and fixed seating with tables and chairs, and moody lighting. The spacious interior with seating for patrons, a large sit-down bar, and parquetry floor is exceptionally suitable for its current use, however it has grand possibilities. The property offers the opportunity to capitalize on the existing fit-out, or continuation of the existing tenant. 4. Investment Potential:Strong capital growth and a reliable and successful business. Favourable market conditions and a growing demand for entertainment venues in the sought after Gold Coast.5. Prime Real Estate:Secure your investment in a rapidly growing area with potential . Benefit from consistent rental income while the value of the property appreciates. Don't miss your chance to own a prime piece of commercial real estate in the heart of Surfers Paradise with spectacular ocean views, with a profitable restaurant generating substantial annual revenue. This is an exceptional investment opportunity that offers a blend of income and potential for capital growth. Contact us today to arrange a viewing and explore the possibilities this property has to offer.For further information please give Bill Kolliou a call on 0409 954 238.
