Gold Coast Commercial Property News

A Gold Coast kindergarten which has been a second home to hundreds of local children is being marketed as a lucrative development site.

Surging interest rates are failing to dent Makris Group’s ambitions to start work on a $500m expansion of Gold Coast’s Marina Mirage as early as next year.

The future of the Gold Coast Lumber Punks branch and other tenants including a long-standing fruit market is on the chopping block with the offmarket sale of a prominent Miami site.

Known for its luxury shopping, high-end restaurants, and its A-list location adjacent to the Sheraton and Palazzo Versace on Main Beach, Marina Mirage was conceptualised as a must-see for cashed-up tourists when it was first opened in September 1988.

Five neighbouring houses in the fast-growing southern Gold Coast suburb have been offered up for sale as a potential site for a supermarket or mixed-use development.

The amalgamation of several blocks to form a “super site” on the Gold Coast is expected to generate plenty of interest among commercial developers and investors.

The real estate portion of an almost $100m deal struck for the sale of the Crowne Plaza hotel on the Gold Coast has been revealed – a whopping sum despite interest rate headwinds.

The much-loved takeaway joint that has served up burgers and bacon and egg rolls for more than 45 years has sold for a multimillion dollar sum after a lengthy marketing campaign.

Property companies say they are well positioned but expect 2023 to be challenging.