The last beachfront site at The Spit is going to the market, providing a potential developer with the opportunity to create a resort and plaza on the Gold Coast.
The 1.62ha site on Seaworld Drive, south of the Sheraton Grand Mirage Resort, was released to the market on a competitive bid basis.
It is part of The Spit masterplan which has been shrouded in controversy and led to Sunland withdrawing its 44-storey twin tower application and offering the site for sale.
Since then, community backlash has led to height restrictions on buildings within The Spit.
Buildings in the Village Centre South, where the latest site was listed, have a limit of three-storeys or 15 metres.
Deputy premier Steven Miles said expressions of interest opened on the site with 152 metres of prime beach frontage.
“The master plan reimagines this site as a resort-style complex with a public plaza flowing from Seaworld Drive to the ocean and the public carpark moving south into Hollingdale Park,” Miles said.
“Offered on a long-term lease, it’s location suits a variety of proposals including mixed-use tourism, hospitality and short-stay accommodation.”
An expressions of interest will be led by CBRE Gold Coast, targeting experienced investors with the credentials to deliver a proposal.
CBRE hotels national director Wayne Bunz said investors were very keen to buy in Queensland.
“This site will be highly sought after as, in our opinion, it is the best beachfront resort accommodation site that has come to the market in the past two decades,” Bunz said.
Miles said all proposals will need to adhere to The Spit’s planning regulations and would help the area become “one of the glittering jewels in Gold Coast’s crown”.
“The regulations ensure that all new developments integrate seamlessly with the landscape and respects The Spit’s much-loved natural values,” he said.
“The implementation of The Spit master plan is well under way with a raft of projects, including community infrastructure, already delivered or in progress, supporting hundreds of jobs. ”
Opposite the site, the Gordon Corporation was approved to build 47 apartments, retail space and a 52-berth marina, in May, 2021.