367 Golden Four Drive
Tugun 4224

Absolute Beachfront Development / Landbank Opportunity in Prime Location

Secure a foothold along the southern Gold Coast's coveted 'Golden Mile' with this absolute beachfront parcel and unit block offering diverse investment and development upside.

Covering a generous 1,232m²*, the level, northeast-facing parcel has 20.1m* frontage to the beach and Golden Four Drive, including direct access to the scenic Gold Coast Oceanway and pristine sands of Tugun Beach.

Providing appeal for developers is DA approval to build a new nine-level beachfront building housing 16 luxury dwellings designed by BDA Architecture.

The approved plans provide scope for 14 three-bedroom apartments, a four-bedroom penthouse, and a house-size ground-floor apartment with direct access to the beach. Parking for 39 cars will be spread across two basement levels.

Alternatively, a three-storey unit block already on site offers income-earning potential and flexibility of use for investors or those seeking to land bank. The building could also be utilised as a large family compound.

An original 1970s-era walk-up block, it features nine two-bedroom units, each with a kitchen, living and dining room, bathroom, laundry, and powder room, alongside an allotted secure single garage. Three of the units have expansive balconies overlooking the ocean and beachfront.

Surrounded by amenities and conveniences, including surfing and tourist hotspots, this holding in a prime beachfront location is a rare opportunity to purchase in a high-growth, regenerative location.

The Highlights:

- 1,232m2* lot with original unit building overlooking Tugun Beach

- 20.1m* beach frontage with direct access to Gold Coast Oceanway, patrolled beaches

- Unobstructed, never to be built out ocean views captures the iconic Surfers Paradise skyline, Elephant Rock at Currumbin and Coolangatta to the south

- 19.9m* street frontage to blue-chip Golden Four Drive, part of the 'Golden Mile'

- Central location in proximity to cafes, dining, shopping, and amenities

- Patrolled sand and surf on the doorstep

- Ideal land bank, investment, or development opportunity

- Gold Coast City Council DA approval for a nine-storey building of 16 dwellings (14 three-bedroom apartments, one four-bedroom penthouse, plus a ground-floor house-size apartment with private pool), designed by local architects BDA Architecture; communal facilities include a pool and BBQ area

- Existing original three-storey, walk-up block consisting of nine two-bedroom units, each with kitchen, living, dining, laundry, and powder rooms; all have ocean views, access to a secure single garage; three have beachfront balconies

- Units currently tenanted providing a holding income

The Southern Beaches suburb of Tugun is favoured for its laidback beachside lifestyle and growing level of amenities all within minutes of Gold Coast International Airport. Surfers are spoilt for choice with world-famous Snapper Rocks and Currumbin Alley 10 minutes either way. The Gold Coast Oceanway is on the doorstep and opens up easy passage by bike or foot north to Tugun Village or south to the vibrant hub of Coolangatta where restaurants, shopping and conveniences await. Bustling Burleigh Heads is only 15 minutes north and will soon be serviced by the Light Rail from the north. John Flynn Private Hospital is less than 3km away and the address is in proximity to good schools and Southern Cross University.

Secure a foothold in one of the Gold Coast's fastest-growing beachside locations – contact Tony Grbcic on 0407 968 667, Adam Grbcic on 0404 087 772, or Troy Dowker on 0409 057 087

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.