Prime High Density Development Site - Prized Location

This 1,593-square-metre parcel of land is currently home to the 17-room Tropicana Motel, generating a holding income while awaiting its exciting transformation. Nestled in Mermaid Beach, only metres from the beach and close to a selection of the Gold Coast's finest entertainment venues and dining establishments.<br/><br/>This property previously held approval for an impressive development featuring 245 bedrooms across 24 serviced apartments, 92 permanent dwellings, and a 96-square-meter ground floor café. Although the previous approval lapsed in October 2019, it serves to outline the site's potential.<br/><br/>Within close proximity you'll find major lifestyle and transportation hubs, including The Star Casino, Pacific Fair Shopping Centre, Oasis Shopping Centre, Gold Coast Convention Centre, and Broadbeach South G-Link Station. Moreover, the vibrant Mermaid Beach neighbourhood boasts a variety of cafes, restaurants, and bars, all conveniently located within a five-minute drive.<br/><br/>Mermaid Beach is renowned as the Gold Coast's most sought-after suburb. With the ongoing influx of interstate and international migration to the Gold Coast, opportunities to develop and reside in such exclusive beachside communities are becoming increasingly rare.<br/><br/>3 Mermaid Avenue & 2595 Gold Coast Highway offers a blank canvas for a range of residential and commercial development possibilities in the Gold Coast's most desirable locale. Don't miss your chance to be a part of this exceptional opportunity. <br/><br/>The property is available for sale through Expressions of Interest.<br/>