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The site is currently in an active development application phase with development approval expected shortly. The site can be sold subject to the latest set of IR Plans being endorsed/stamped. ‘Palm Beach Health Centre’ occupies a premium corner position in Palm Beach and presents an exceptional opportunity for a developer to capitalize on one of the most demanded areas in and in demanded area. The expansive block spans two street frontages, including a 55.7m* frontage down Fourteenth Avenue, all whilst being across the road from the beach. In a high profile, lifestyle driven area, this is one for astute investors and/or developers. Existing Land Use Palm Beach Health Centre comprises over 19 separate tenancy across which house 8 key tenants. The rear of the lot provides off-street parking for 15 cars and 5 lock-up garages. Frontages 55.7m to Fourteenth Avenue 25.8m to Gold Coast Highway Road Resumption 120m² (Refer to Sketch) Yearly income of over $210,000 Development Application Summary This project offers a high quality contemporary design that respects the surrounding environment. The design outcome will result in the addition of an elegant and visually interesting building, which will provide considerable amenity for residents and visitors that overall enhances the beach-front of the Palm Beach Precinct. This project offers 9 floors with 7 apartments per floor of high quality, boutique residential apartments. The apartments provided are large, livable layout that can cater for families and focus on maximising natural ventilation, light and views. The 58 apartments are provided with large balconies that extend out from the living rooms to create an outdoor connection. Two basement levels provide car-parking which exceeds council parking requirements, with visitor car-parks provided on-grade at ground level. The ground floor engages to both street-fronts with direct pedestrian access, which is further activated by the provision of a pool area with recreational BBQ/dining spaces for residents to enjoy. Two ground floor apartments facing Fourteenth Avenue emphasize the residential character of the development within the urban context of Palm Beach.