Large site in north is in demand

ONE of the northern Gold Coast’s biggest commercial development sites is being brought to the market.

The large spread on the Old Pacific Highway adjacent to the M1 motorway, Oxenford, comprises a four-lot subdivision measuring 12,850 sq m.

Lot One, at 7247 sq m, is for sale with existing land use approval for an existing range of retail, commercial, medical and showroom uses.

Cushman & Wakefield, marketing the site for vendor G.C. Urban Pty Ltd, is calling for expressions of interest.

Lot One, next to the Pacific Highway between Movie World and Oxenford Plaza Shopping Centre, has approvals and building concept plans already drafted proposing a three-level commercial and retail building covering 6501 sq m with more than 200 carparks.

Cushman & Wakefield associate director Ed Howard said the northern Coast corridor’s past five years of booming residential and commercial development was only getting stronger.

“In the last five years, we have seen a 22.8 per cent increase in dwellings accommodating around 120,883 residents, and median household incomes rise 16.7 per cent.

“This is commanding higher levels of development activity to cater for local business and entertainment demands,” Mr Howard said.

“Site civil works have commenced, formalising the project.

“We are already receiving strong interest from a range of occupiers including medical and office related groups to either buy and build, or register their interest to purchase strata titled finished product,” Mr Howard said.