Significant Residential Land Development Opportunity

A significant residential land opportunity in highly sought-after Terranora in the Tweed region on the NSW-Queensland border is being offered for sale by Ray White Special Projects (Qld).

The approximately 160ha site is the balance of the Metricon Group’s Altitude Living master-planned residential development on Fraser Drive, Terranora.

The offering at 37 Fraser Drive, 93 Parkes Lane, 14, 126, 140 and 153 Mahers Lane, 412 and 512 Terranora Road, Terranora, is being marketed via Expressions of Interest by Mark Creevey, Tony Williams and Matthew Fritzsche of Ray White Special Projects Qld.

“This is one of Australia’s most significant residential development opportunities,” Mr Creevey said.

“This 1000-plus lot residential estate is in a highly sought-after locality with limited supply and competition.

“It is coming onto the market at a time of strong activity in the South East Queensland residential land market, particularly in the southern Gold Coast region where opportunities such as this are extremely rare.”

Mr Williams said Altitude Living is a premium estate with proven retail pricing and strong sales results.

“There is an opportunity here to increase the overall product yield through densification and product differentiation,” he said.

“The developers have already made a significant investment in the provision of services and infrastructure and the presentation of the initial Aspire precinct.”

“This offering also provides an opportunity to create a mixed-use village centre incorporating commercial, retail, aged care/retirement, childcare, medium density residential and other uses.”

Mr Fritzsche said the estate offers panoramic views to the Pacific Ocean, the Gold Coast skyline, Terranora Creek and hinterland.

“The estate also is conveniently located to the Gold Coast International Airport with easy access to Surfers Paradise, Byron Bay and Brisbane as well as proximity to excellent local shopping centres and schools,” he said.

Expressions of Interest close at 4pm on Wednesday, August 2, 2017.

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