Fully Leased Freehold Block of Flats | D.A. Approved Site in Main Beach | 6 x Leased Units

9 Cronin Avenue, Main Beach QLD presents an exceptional opportunity to acquire a freehold 559*sqm D.A. approved development site in the heart of highly sought-after Main Beach, an established coastal enclave experiencing significant development activity and ongoing transformation.

Occupying a 559sqm* landholding, with over 15m of street frontage, the property benefits from an existing Development Approval for a boutique residential development comprising 15 apartments across nine levels, with approval for both short-term and long-term accommodation, offering flexibility to accommodate a range of residential and investment strategies.

The approved development features 14 two-bedroom, two-bathroom apartments across Levels 1-7, each offering approximately 108sqm* of living space, together with an expansive 274sqm* four-bedroom penthouse spanning Levels 8 and 9. The penthouse incorporates a private rooftop terrace and plunge pool, providing a premium residential offering within this highly sought-after location.

The Current Residential Asset:
- 6 x renovated 2 bed, 1 bath units
- Outdoor parking for 1 vehicle per residence
- All units currently leased for $610 - $640 /week
- Gross income approximately $195,000 /annum

The Approved Development
- 559*sqm D.A. approved development site with a 15m street frontage boundary
- Approval for 15 apartments, including a dual level penthouse with rooftop terrace
- Residence mix of 14x 2 bed, 2 bath (half floor) apartments & 4 bed penthouse
- Apartment sizes ranging from 108-274*sqm
- 2 basement car parks with 18 x car spaces in total
- Architect: Richards & Spence

Town Planning:
- Council: Gold Coast City
- Zoned: High Density Residential (RD8 - 1 Brm /13sqm of Net Site Area)
- Height Limit: Unlimited (HX)

Strategically positioned within walking distance of Tedder Avenue's renowned dining and retail precinct, pristine Main Beach coastline and the Broadwater, the property combines an enviable lifestyle location with the advantage of an existing development approval.

Location (Approximates Only):
- 200m to Tedder Avenue dining & shopping precinct
- 300m to the nearest patrolled beach
- 300m to Nerang River
- 400m to the Gold Coast Highway & G:Link Station
- 800m to the Southport S.L.S.C.
- 8 minute drive to Broadwater Parklands & Australia Fair Shopping Centre
- 10 minute drive to The Spit / Gold Coast Seaway

"Chilip Court" presents a compelling opportunity for developers and investors to secure a DA-approved residential project in an established coastal market, with the added benefit of holding income and significant future development potential.

For further information please contact the exclusive agent:

Lachlan Harris | 0409 057 733
lharris@harriscommercial.com.au