Do you own a property close to the Gold Coast Light Rail Stage 3 route? Land along the coastal fringe and light rail corridor has new development potential.
Stage 3 of the light rail will deliver a 6.7 kilometre extension from Broadbeach South to Burleigh Heads, linking Helensvale to Burleigh Heads, with eight additional stations.
As a result, there will be magnitude of changes to building heights, zones, and density along the corridor, all which could affect future development potential of land in this area.
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Director of Elevate Development Solutions, Scott Barrett, told myGC there is also proposed changes to the city plan that will be coming in soon.
“Property owners along this route do have development potential now, but they could have changes in the future to their property,” he said.
“I highly advise property owners to investigate this further and contact us to determine what the changes are, if their site has development potential, and see if they can capitalise with this new massive expenditure on infrastructure that is light rail stage 3.”
Mr Barrett said his team can advise property owners what height, land use and density could potentially be achieved on their site, as well as the site constraints.
“Our planners can do a desktop review pretty easily, they don’t need to go out on site,” he told myGC.
“It’s as simple as checking the current laws for the property and the future laws, and then from there, because we are qualified and experienced in interpreting the legislation, we can advise accordingly based on that desktop review.”
Mr Barrett said there is a real opportunity to promote new developments that are better integrated with the community, providing enhanced public amenity, urban improvements, and community benefits.
“We have a blank canvas right now, so there is a huge opportunity to create a distinct urban environment with high quality design along the new light rail route.”
As for property not along the light rail corridor, Mr Barrett told myGC it is there is no harm in investigating to see if there is any development potential.
“If you have a dual frontage block, or a corner block, it’s worth booking a consultation or calling us. We can tell you within 15 minutes if you could develop it, do a small sub-division, do a duplex or villas.”
For more information and to find out the development potential for your property, visit: elevateds.com.au/