18-20 Mawarra Street, Surfers Paradise is an exclusive service apartment development site strategically positioned on Chevron Island, just moments away from the vibrant heart of Surfers Paradise. This prime parcel of land, spanning 1,012 sqm and zoned for High-Density Residential, offers a unique investment opportunity in one of Gold Coast's most sought-after locales.

Originally DA approved for a recreational level offering a bar, gym and spacious swimming pool as well as 50 units across 18 storeys, this site has lodged a new DA to increase this to 82 units, elevating the building to a soaring 25 storeys high. This seizes the opportunity to rise above the constraints of the new zoning policy on Chevron Island, which limits new developments to a maximum of 10 storeys. The Project's DA, submitted prior to this policy change, enables the realization of the originally approved height permit, to offer expansive skyline and water views.

The development also offers the potential of holding income whilst the new DA is pending via the current 2 houses that comprise the site.

18-20 Mawarra Street offers residents the perfect blend of coastal serenity and urban vibrancy, with Surfers Paradise just moments away, featuring an array of entertainment, shopping, and dining options. It is also ideally located within walking distance to the iconic HOTA Precinct (art and entertainment precinct), and Ferry Road (to the west).

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.

For information regarding financial projections regarding the development’s operation as serviced apartments or for the project Information Memorandum please email the listed agent.