Two pre-approved development sites hit market offering significant foothold in Queen Street Village.

Two significant residential development sites within the $500 million Queens Street Village precinct are being presented to the market by Colliers, offering developers a prime opportunity to gain a foothold in the emerging master-planned project.

The adjoining sites, with a combined land area of more than 6,000sqm, have existing pre-approvals in place for residential units and both benefit from an attractive Precinct 1 zoning within the prized Southport Priority Development Area.

Colliers’ Steven King, Troy Linnane and Brendan Hogan have been appointed by Makro Finance Pty Ltd and J Hutchinson Pty Ltd to present the sites to the market via an expressions of interest campaign.

“The sites comprise a major component of the Queen Street Village master plan which spans 3.2 hectares in the heart of Southport,” said Mr King.

“With pre-approvals already in place, they present a shovel-ready opportunity for developers looking to be a part of this exciting urban renewal project.”

The Queen Street Village offering comprises Lot 1, with a land area of 2,554sqm and pre-approval for 102 units, and Lot 200, with a volumetric footprint area of 3,481sqm and pre-approval for 114 units.

The Queen Street Village master plan is delivering a range of complementary urban uses including retail, dining, entertainment, offices and hotel and student accommodation, as well as residential apartments.

The first stage of the development opened recently, bringing to the site new retail shops, health services, a Dendy Cinema complex, IGA supermarket, Asian grocery store, gym, food court and childcare facilities.

“The sites we are now presenting to the market are a rare opportunity to gain a position in one of the most significant master-planned developments for the Gold Coast’s CBD in many years,” said Mr Linnane.

“With residential development approvals already in place for each site, they are primed to bring new supply to meet the ongoing demand in the central Coast market. There also is further scope to amend the existing approvals to suit a buyer’s needs, such as, Build To Rent.”

Queen Street Village is a transit-oriented development with the Nerang Street Light Rail Station at its doorstep, offering good connectivity to the ‘Gold Coast University Hospital’ and ‘Griffith University – Southport Campus’.

The sites carry a Precinct 1 CBD Zoning within the Southport Priority Development Area, which allows for multiple uses without height restrictions.

Queen Street Village is located just 1km from the Southport Broadwater and the Broadwater Parklands, with the light rail offering direct access to Surfers Paradise and Broadbeach to the south and north to the employment nodes of the Gold Coast Health and Knowledge Precinct and beyond with direct access to Brisbane via the heavy rail connection at Helensvale.

The expressions of interest campaign closes on Wednesday, November 23, 2022, at 4pm AEST.