‘Best site in Broadbeach’ Hits The Market
July 18 2022
A former Gold Coast timeshare building is being marketed as the ‘best site in Broadbeach’ with the upside potential to establish a landmark development for the city.
The Resort occupies a beachside site totalling 2,070sqm and fronting the esplanade on the corner of Old Burleigh Road and Elizabeth Avenue.
Easterly ocean views are unobstructed from the iconic property where redevelopment appeal includes proximity to beaches, dining and shopping in a prime lifestyle location.
“There is not a better site available in Broadbeach,” said Adam Grbcic.
“Being on a corner and over 2,000sqm, the site has potential scope to accommodate a dual tower development with a retail precinct and would adjoin the Oracle retail.
“It is extremely unlikely that another site of this magnitude with unobstructed views from Coolangatta to the Gold Coast Seaway would become available in Broadbeach again.”
Built circa 1984, the 16-level Voyager is comprised of 62 one-bedroom units, two levels of basement parking, and shared use of a pool, spa, sauna and tennis court.
The journey to bring Voyager to market has been a lengthy one, with some 3,000 timeshare entitlements attached to the resort. In March three Directors of Voyager Resort Limited were appointed by the Supreme Court as Administrative Trustees to facilitate the sale.
The semi-modern apartment building presents buyers with strong holding income, with the option of operating as a hotel or long-term stay accommodation.
But it’s the potential upside that’s likely to attract developers, land bankers, and international hotel operators.
“This blue-chip site offers the opportunity for a legacy development,” said Mr Grbcic.
“The location is irreplaceable, making it the ideal location for developers and international hotel operators to take full advantage of a prime beachside site.”
The Voyager sits opposite patrolled surf beaches, Pratten Park and Kurrawa Surf Club.
Broadbeach is favoured for a walkabout town lifestyle, with easy access to the Surf Parade dining strip, Oasis Shopping Centre, Gold Coast Convention Centre, The Star Casino, Gold Coast Light Rail, and Pacific Fair Shopping Centre.
Expressions of interest close at 3pm on 12 August.