Key Surfers landholding on market

A GOLD Coast family is cutting ties with a major Surfers Paradise landholding near the $1 billion Jewel development.

The Costi family, which has owned property on Surf Pde since 1966, is selling five houses at 203-211 Surf Pde as an infill development site.

The properties were acquired between 1966 and 2011, with No. 203 purchased for $830,000 in 2011, and collectively occupy a landholding of 2064sq m.

The blocks range in from 410sq m to 415sq m.

They are located in a highdensity area with unlimited building height.

Marketing agent Chris Jones, a director of Savills Gold Coast, said the properties had become surplus to the needs of the family.

“Most of the development size sites are between the 1200sq m to 1500sq m range, so what this larger site gives is greater scale,” he said.

“It is also in a great position between Broadbeach and Surfers Paradise.”

Each block is currently occupied by an older-style twostorey beach cottage.

Three are leased while two are kept as holiday homes. An offers to purchase campaign closes on June 14.