The prime infill development site is expected to attract interest from commercial, retail and residential buyers seeking to benefit from its central Robina location.
The site enjoys high visibility to both pedestrian and vehicular traffic due to its position adjacent to the Easy T retail and medical precinct – anchored by Spano’s IGA and 30 specialty stores, including a medical centre, restaurants and a newsagency.
The 2,359sqm site, with a 38-metre frontage to Scottsdale Drive, has been subdivided from a larger 4,719sqm parcel in response to high demand for smaller sites at the heart of Gold Coast City.
Adjacent to the west, also in the Easy T precinct, construction is well under way on a lifestyle-focused $30 million aged care facility by publicly-listed operator, Japara Healthcare.
Robina Group Development Manager Darrell Irwin said a number of recent sales had created a shortage of boutique commercial and mixed use sites in CBDRobina.
He said the site had been released to the market following the sale of approximately $17 million in development sites by Robina Group in the past year.
“The site at its current size has never been offered for sale, so we expect a high number of enquiries from commercial and residential developers looking for an approved development-ready site in a location with high connectivity and walkability to surrounding amenities including Robina Town Centre,” said Mr Irwin.
“There is extremely positive sentiment in CBDRobina and Gold Coast City in general at the moment for approved boutique infill sites, so it was an easy decision for us to subdivide this particular parcel.
“There is massive demand for retail, office and boutique residential sites in CBDRobina and with a run of sales in the area of late, sites like this are becoming scarce.”
Knight Frank Australia’s Mark Witheriff and James Branch are marketing the site on behalf of master developer Robina Group, through an offers to purchase campaign closing on 13 September.
Mr Witheriff, Knight Frank’s Partner and Joint Head of Gold Coast, said the prime site was approved for a range of uses under the Robina Central Planning Agreement, offering great flexibility for developers, together with substantial town planning benefits.
“We think there is a real sweet spot in the market at the moment for developments of this type and size,” he said.
“What is also appealing is there is a huge amount of flexibility for this particular site, ranging from a commercial or retail building including medical uses, to a smaller boutique mixed-use residential development.
“Whether the site ends up being developed as a standalone office building or an alternate approved use, it is obviously a huge benefit to be adjacent to the Easy T Centre, as well as being a stone’s throw to Robina Town Centre, hospitals, public transport, the M1 Motorway and a host of other amenities.”
Parties interested in making an offer to purchase, or obtaining further information, can contact Knight Frank’s Mark Witheriff or James Branch on (07) 5636 0800.