The Ultimate CBD Strategic Asset: High-Yield Hospitality with Landmark Development Upside Potential - 2907MF
Property Highlights
- Zoning: Southport PDA - Precinct 1 (CBD Core) with Unlimited Height (STCA).
- Land Area: 723 sqm rectangular allotment
- Frontage: Rare Dual-Street access (Queen St and High St)
- Improvements: 22-key accommodation facility (21 studios + 2-BR residence)
- Parking: 7 Secure basement bays
The Opportunity
Rarely does a freehold asset of this calibre become available in the heart of the Gold Coast CBD. 69 Queen Street is a high-performance "cash-flow engine" today, with the planning framework to become a landmark tower tomorrow. Held under a single freehold title with no Body Corporate restrictions, this is a strategic acquisition for investors seeking absolute control and a massive "Blue Sky" development trajectory.
Strategic Development: Reach New Heights
Positioned within the most aggressive growth corridor of the Southport Priority Development Area (PDA), the site offers an unparalleled planning upside:
- Unlimited Vertical Potential: The "HX" designation allows for an unrestricted height potential (STCA), perfect for capturing world-class ocean and Broadwater views.
- Logistical Advantage: Dual frontage to Queen Street and High Street provides a superior design edge, allowing for separated commercial/residential entries and efficient basement logistics - critical for high-density construction.
- Flexible Zoning: Code Assessable for a wide range of uses, including Premium Residential, Short-Term Accommodation, Medical, or Commercial HQ.
Current Asset: 22-Key Income Stream
While you masterplan the site’s future, the existing improvements provide a robust defensive yield to offset holding costs:
- Turnkey Hospitality: 21 guest rooms plus a spacious 2-bedroom manager’s suite, currently optimized for the Gold Coast’s record-low vacancy rates.
- Good Facilities: Includes a commercial-grade kitchen, communal dining hub, and an onsite pool, ensuring perpetual demand from the city’s thriving student, medical, and corporate sectors.
- Full Autonomy: 100% decision-making power over capital expenditure and operational pivots.
Location Intelligence
This is the "100-Metre Hub" of Southport.
- Connectivity: A short walk to the G:link Light Rail, connecting you to Griffith University, the Gold Coast University Hospital, and the tourism heart of Surfers Paradise.
- Education & Commerce: Directly adjacent to the prestigious St Hilda’s School and moments from the Legal Precinct and Australia Fair Shopping Centre.
Investment Rationale
In a market defined by scarcity, 69 Queen Street stands out as an asymmetric investment. It offers the safety of a high-yield hospitality business with the explosive growth potential of the CBD's most flexible zoning.
Whether you land-bank, renovate, or redevelop, this is the most versatile 723sqm on the Gold Coast.
Contact Bill He for further information or to arrange an inspection.
Property ID: 2707MF (quote when enquiring)
Property Code: 5451
For more details, please email broker or call agents.
