SOLD
RECENT ADVICE
Sold on 03 Jul 2024 for $8,750,000

210 Marine Parade
Labrador QLD 4215

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 1546m2
Sold By
Kollosche Broadbeach
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Property Details for 210 Marine Pde, Labrador

Building Type
Land
Land Size
1546m2
Local Government
Gold Coast City
Lot/Plan
3/RP212049

Last Listing description (September 2024)

On behalf of the Statutory Trustees, Tony Grbcic and Adam Grbcic of Kollosche Commercial are exclusively appointed to market and sell 210 Marine Parade Labrador ('The Site').

Currently improved with a 3-level walk-up building, accommodating 16 units and a managers unit, the property formerly traded as the "Golden Shores Holiday Club".

The site, which is being sold as vacant possession, has a Development Approval for a 25-level development comprising a total of 85 apartments. Positioned on Marine Parade, the site takes advantage of a position never to be built out with an easterly aspect overlooking the renowned Gold Coast Broadwater, Seaway and The Spit as well as a northerly aspect that captures the Gold Coast city skyline.

Key Property Attributes Include:
-Site Area: 1,546m2*
-Regular shaped site positioned with uninterrupted views over the Broadwater and Gold Coast Sea Way
-Currently improved with a 3-level walk-up, short-term accommodation building that formerly operated as the 'Golden Shores Holiday Club'. These improvements provide the buyer with an opportunity to establish a new short-term/holiday rental or permanent rental holding
-The site has a current development approval for a 25-storey residential building, which also permits short-term letting

Golden Shores Holiday Club:
The site is currently improved with the existing "Golden Shores Holiday Club", however will be sold vacant possession. The current improvements offer the following:
-16 Units + on-site managers unit with reception area. All units comprising 2 bedrooms and 1 bathroom
-Facilities include: swimming pool, 2 spas, BBQ area, gymnasium, sauna and multiple alfresco areas
-Well maintained and presented and offers the opportunity to retain a substantial holding income with either a short-term or permanent rental operations

Current Development Approval:
The current Development Approval permits for a residential development comprising:
-Total of 25 storeys and a two-level basement
-The development will comprise 85 units (49 x 2 bedroom, 35 x 3 bedroom and 1 x 5 bedroom) and provides a total of 136 car spaces
-Roof top common space which comprises outdoor pool, gym, sauna, BBQ facilities and alfresco areas

For more information please contact Adam or Tony Grbcic from Kollosche Commercial.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 210 Marine Pde, Labrador, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$8,750,000
03 Jul 2024
  • 03 Jul 2024
    Sold for $8,750,000
  • 19 Jun 2024
    Listed for Sale SOLD
  • 07 Jan 2015
    Listed for Sale BY NEGOTIATION
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About Labrador 4215

The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.

Labrador has 11,847 properties. Over the last 5 years, Houses in Labrador have seen a 107.49% increase in median value, while Units have seen a 102.17% increase. As at 31 October 2024:

  • The median value for Houses in Labrador is $1,068,941 while the median value for Units is $702,019.
  • Houses have a median rent of $680 while Units have a median rent of $630.
There are currently 129 properties listed for sale, and 30 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 563 properties were sold in the past 12 months in Labrador.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.