The state government has announced the first commercial development site at The Spit will go on the market next year.
In a move hoped to general jobs for locals, the Palaszczuk Government revealed the first commercial development site released under The Spit Master Plan.
The near 10,000 sq feet site, located next to Mariner’s Cove, is expected to draw major interest both locally and overseas.
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Though any development that is built on the site will need to be kept to a maximum of three storeys, keeping with community expectations.
Minister for State Development Cameron Dick it’s the first of several state-owned sites to be released under The Spit Master Plan.
“Development on these sites will contribute to the revitalisation of The Spit and its resurgence as a premier destination on the Gold Coast, for locals and visitors.
“This will be the first undeveloped commercial site to be released on The Spit since the late 1990s, so this presents an excellent opportunity for investors to create a world-class precinct.
“There would be few sites in Australia where you have the possibility of building a development with a deep-water marina, that is in walking distance to a surf beach,” Minister Dick said.
The state government expects that the site would best suit a mixed-use retail, commercial, residential and short term accommodation development.
“With the Gold Coast one of Australia’s great boating destinations, both in terms of ownership and tourism, a new marina that provides extra boat moorings and superyacht berths should attract strong demand,” Minister Dick said.
“The Department of State Development will select an experienced commercial property agent to handle the sale which we expect will attract interest from local, interstate and international buyers.
“In line with community expectations, any development on the site would be kept to a maximum of three-storeys and 15 metres,” he said.
The site is set to hit the market mid-January 2020 as a long-term lease with a marina allotment, with further land releases to roll out over the course of the year.
“The delivery of The Spit master plan means we now have a cohesive vision for the area that will unlock private and public investment, while ensuring the protection and enhancement of public open space,” Minister Dick said.
“Along with the announcement last month of an initial $6.84 million investment in new shared pathways, recreation facilities and extensive plantings at the top of The Spit, we are showing our commitment to deliver on the promises made in the master plan.”
For more information on The Spit masterplan, click here.