- The purchase works to be nearly $20,000 per sqm
- The corner site is intended for a luxury development
- The Broadbeach property is well located
QNY Group has acquired a beachfront site along the Gold Coast’s Broadbeach off-market for $10.1 million, the 1975 residential block is now intended for redevelopment.
The sale of 21 Broadbeach Boulevard, Broadbeach, a 511sqm corner site, was acquired after months of bidding and competition from multiple local and interstate developers.
QNY Group director Anthony Quinn highlights the 280-degree coastal views and exclusiveness of a no-through road as features that make the location one of the best on the Gold Coast.
“I have loved this site for as long as I can remember, as a Gold Coast local I’ve known about this exclusive little pocket for a long time and have had ambitions to develop it,”
QNY Group director Anthony Quinn
“As far as I am aware, there is no other site like it on the Gold Coast that provides no through thoroughfare, beach amenity with this prime view corridor, plus it’s away from the hustle and bustle of Broadbeach, but within walking distance to all amenities giving you a feeling of being removed enough to enjoy the privilege of peace and quiet,” he said.
The site is well placed, with Broadbeach Bowls Club to the west and Broadbeach Surf Lifesaving Club to the south. A two-storey building comprising of four units currently occupies the block.
Mr Quinn, makes up one half of the joint venture behind the Gold Coast Main Beach development La Mer.
“The demand for boutique owner-occupied residences on the Gold Coast is not slowing down so I intend to develop this site in line with this demand offering just one residence per floor, exceptionally high-quality amenity, with the development’s design showcasing the priceless view as the focal point,” said Mr Quinn.
Designs are currently underway for the luxury residential offering with hopes for construction to commence by the year’s end.
“It is certainly an exciting time to be developing on the Gold Coast,” Mr Quinn said.
