<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Gold Coast

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Since late 2014, Gold Coast home values have been steadily trending upwards as the Gold Coast’s tourism market has improved, according to CoreLogic's regional market report.
Over the year to June 2016 house values increased 7.4 per cent, from $533,571 one year earlier to $572,827, while unit values rose 5.0 per cent from $359,284 in June 2015 to $377,154.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.36.17%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.36.17%20AM.png" alt="">
Sales activity over the year ending May 2016 was virtually unchanged compared to the previous year, however current activity is 17.8 per cent higher than the five year average for the region.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.36.26%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.36.26%20AM.png" alt="">
Notably, sales activity over the year to May 2016 (19,081) is 67.4 per cent higher than at its recent low point in May 2012 (11,400).
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.36.34%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.36.34%20AM.png" alt="">
Across the rental market, rents are rising, however yields have remained flat over the year for units and fell slightly for houses.
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j.ballantyne1990-6AQqhLzZaK

Tourism helps boost home values in Gold Coast region

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Villa Riverbend in the Gold Coast has been listed for sale, and listing agent Vicki Pfeiffer has gone off book in its advertising campaign.
The first image you come across on its <a href="https://www.realestate.com.au/property-house-qld-carrara-123512066" target="_blank">realestate.com.au listing</a> is a picture of Elvis (below), with a $15 million price tag which draws you on to the next page.
<img src="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2011.51.37%20AM.png" alt="">
The marketing proceeds to suggest the property would have been Elvis' Gold Coast vacation residence, had he have known about 'the magic of the Gold Coast'.
Surrounded by park-like grounds down a private driveway, the two storey, double brick homestead comprises three fully self-contained residences in one vast structure.
The five bedroom, six bathroom home offers palatial entertaining areas, a full size cinema and a wine cellar.
There's a 25 metre lap pool, championship size tennis court.
Canopy's Edge agent Vicki Pfeiffer is selling the home which includes a vacant 5312 sqm riverfront allotment and a large private jetty with deepwater mooring.
 
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Elvis Presley's Gold Coast holiday home?

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AMP chief executive officer Craig Meller and City of Gold Coast Mayor Tom Tate opened AMP Capital's Pacific Fair shopping centre on the Gold Coast following a $670 million redevelopment.
Construction began January 2014 with 50,000 square metres (sqm) added to the existing centre. At 155,000 sqm Pacific Fair the fourth largest shopping centre in Australia with around 420 stores.
The last stores are slated to open September 2016.
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mick.cee-iDmgDDAmu8

AMP Capital opens $670m Pacific Fair on Gold Coast

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Sunland Group will develop a retail precinct in Mermaid Waters on the Gold Coast as part of its $850 million, 42-hectare master planned community at The Lakes. 
Called ‘The Lanes’, it will feature 17,135 square metres of urban laneways and is designed by architectural firm Benoy.
The Lanes has an estimated end value of $100 million. Construction is anticipated to commence late 2017 pending DA approval, for completion in 2020.
Sunland Managing Director, Sahba Abedian, said the 2.1 hectare precinct will adjoin the existing retail centre owned by the Group and will provide approximately 100 new retail tenancies and 780 car parks.
“Our vision for The Lanes is to create an expansive lakefront retail village where beautiful green spaces are interwoven with urban laneways, sophisticated food markets and unique retail and leisure experiences," he said.
“The design presents an inspired interpretation of both high street and village retail, where shopfronts and laneways embrace the Gold Coast’s wonderful climate and become a vibrant part of the social fabric of the community. 
“The Lanes presents an opportunity for retailers to become a part of this unique master planned environment, which over the next decade will become home to 3,000-4,000 residents, all living within walking distance of the retail village."
Retailers can register their interest <a href="https://thelanesgoldcoast.com.au" target="_blank">here</a>
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jonathanchancellor-7SQnKwU6yx

Sunland's $100 million Gold Goast retail precinct plan

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A corner site with long-term leases to a drive-thru McDonald’s and a 7-Eleven on the Gold Coast Highway at Palm Beach on the Gold Coast is up for sale through Savills.
The retail property was developed in 2001 and is being offered for sale for the first time, according to a media release.  
The 3,011 sqm corner site is at the traffic light controlled intersection of 19th Avenue, the major east-west intersection at Palm Beach and provides exposure to more than 34,000 passing vehicles daily.
The selling agents are Jon Tyson and Michael Harcourt of Savills.
Tyson said both McDonald’s and 7-Eleven have fully occupied the site since it was first developed and are secured on long-term net leases with fixed annual rental increases.
“This is a premium retail investment opportunity with outstanding exposure that is 100% leased to dual national anchor tenants,” said Tyson.
Palm Beach is located on the southern Gold Coast, nearly 14 km south of Surfers Paradise.
The site also has potential for future development, said Harcourt.
“The site is zoned Medium Density Residential under the Gold Coast City Council Plan, which allows for future development up to 29 metres in height.”
The expressions of interest campaign closes on September 14.
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prateek24-ezbwHMbNAk

Drive into a finger-licking retail investment at Palm Beach, courtesy Savills

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The $197 million Surfers Paradise development Markwell Residences from Citimark Properties has sold 50 percent of apartments in the 46-level tower totalling $80 million since launch last year.
Pricing has now been increased, and a civil construction contract tendered to add an additional level to the building.
 Citimark Properties managing director Angus Johnson said interest from the Australian market had been integral to the project’s sales success.
“Around 70 percent of sales have been sourced from local and Sydney agents, with the balance from offshore,” he said.
“Markwell Residences is reaping the combined benefits of limited development opportunities in the central Gold Coast and being the first new residential tower to be marketed in central Surfers Paradise in seven years.
“It is a very scalable project and it has been designed so that each apartment takes advantage of the views from the ocean through to the hinterland,” he said.
“Owner occupiers and investors are attracted to the centralised lifestyle benefits that Surfers Paradise has to offer, with international standard dining, nightlife and cultural precincts on their doorstep.
"Being only 180 metres from the beach and so close to the light rail represents a level of convenience that is highly sought after. 
Residents will have access to the world-class Recreation Retreat, a 1200sqm oasis with café, 22m aquatic lounge pool, three outdoor thermal baths, international standard day spa, yoga deck, high-tech fitness club, urban garden rooms and private outdoor and indoor dining pavilions.
For more details about Markwell Residences click <a href="https://markwellgoldcoast.com.au" target="_blank">here</a>.
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$80 million sales in Markwell amid Gold Coast market uplift

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Former Coles boss John Fletcher and wife Noela have listed their Gold Coast penthouse on the pricey Hedges Avenue.
The couple have owned the apartment since 2007 when they paid $6.7 million.
Spread over two levels in 'Hedges 252', the 758 sqm four bedroom apartment has views over Mermaid Beach.
Its private roof terrace has a 15 metre pool and spa.
It's listed with Harcourts Coastal agent Tolemy Stevens.
Fletcher is best known for running the supermarket giant from 2001 to 2007 before it was acquired by Wesfarmers.
He famously said he had not been in a supermarket for 25 years just before he took the top position.
Fletcher has recently been appointed chairman of ports operator DP World Australia.
The block's neighbouring 701/252 Hedges Avenue house-sized apartment that spans across 743sq m has also been listed.
Sandy Cowell was in search of the perfect penthouse when she stumbled upon 701/252 Hedges Avenue in 2006. It is for sale at $5.95 million through Kollosche Prestige Agents.
This article was first published in the Weekend Australian Mansion Australia property section.
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The Hedges 252 apartment offerings at Mermaid Beach

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Rob Astbury of Ray White has sold the Ultra penthouse for $6,250,000 on the Gold Coast. 
Originally two separate apartments, they were converted into one luxurious 938 square metre two level apartment.
The top floor cost $3.5 million in 2005 then a $3 million purchase in 2009.
<a href="https://www.realestate.com.au/property-apartment-qld-broadbeach-114432727" target="_blank">The property</a>, marketed for the past 18 months, sold to the Melbourne businessman who has decided to spend more time with his family at Broadbeach. 
Nabil Grege, who earlier this year sold his Hedges Ave mansion for more than $11 million, secured the apartment that was initially marketed at offers over $10 million before the price dropped to $7.99 million in 2015.
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Ultra penthouse on Gold Coast sold for $6,250,000

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The Devitt family have reduced their apartment portfolio on the Gold Coast, far away from the chilly Melbourne where they are based.
They have accepted $3.35 million for their 26th floor Silverpoint apartment at Main Beach through Ray White agent Robert Graham.
Spread over 480 sqm, the apartment has four living areas and four bedrooms, each with walk out balconies. It cost $1.65 million in 1989.
They retain their $9.2 million two level Main Beach penthouse which was purchased nearby in Liberty Panorama in 2011.
Peter Devitt and wife Jo, who sold on St Georges Road, Toorak, own the Melbournian penthouse which Peter bought for $15 million for Jo as a birthday present.
Peter is the company director of LU Simon building.
This article was first published in the Weekend Australian Mansion Australia property section.
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Devitt's sell Silverpoint, Main Beach apartment 

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A $15.5 million sale has been secured for a Gold Coast Isle of Capri house.
The sale of 57-59 The Corso to Chinese buyers is at the highest price achieved on the Gold Coast since the GFC-afflicted market of 2009.
It was sold by Mara Spong who had been seeking $15 million-plus for three years.
Her two-level semi-Balinese style mansion was first was marketed as having a replacement cost in excess of $20 million.
Other sales in the past three months include $13.25 million and $11.5 million on the Mermaid Beach oceanfront and $11 million on Cronin Island.
A sale worth close to $11 million is believed to be in train at Sanctuary Cove, according to the Gold Coast Bulletin.
The buyers of the Spong house are Hongbo Li and Liyan Song.
The sale was handled by Doug Hoang, from The Venetian Real Estate, Robina who is marketing, at $3.695 million, a 420sq m home in Knightsbridge Pde East at the Sovereign Islands, owned by the couple.
The last $15 million-plus sale on the Gold Coast was in 2009 just before the delayed arrival of the gfc to the Gold Coast.
The home was built by Doug Spong and then wife Mara in the 1990s.
It has six bedrooms and six bathrooms on a northeast-facing 2197sq m site on a section of the Nerang River known as the Adams Basin.
It has been sold with most of its furnishings.
Architectural firm Hamilton Hayes Henderson was engaged to design the house which was completed in 1999.
The official record for an Isle of Capri house is $6.35 million, paid to transport company operator Peter Smith by entrepreneurial businessman David Baird in 2012 which was recently resold at an undisclosed price.
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