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2 Barney Street, Southport QLD 4215

The Gold Coast’s Only CBD Waterfront Land Bank with Income, Unlimited Height & Marina Potential


2 Barney Street, Southport QLD 4215 | The Gold Coast’s Only CBD Waterfront Land Bank with Income, Unlimited Height & Marina Potential

Location—CBD Waterfront Inside the Southport PDA

2 Barney Street occupies a pivotal riverfront position within the 198‑hectare Southport Priority Development Area (PDA)—the Gold Coast’s official CBD overlay that fast‑tracks approvals and removes height limits. From this site the light‑rail, Broadwater Parklands, beaches and Surfers Paradise are all minutes away.


2 Barney Street, Southport QLD 4215
2 Barney Street, Southport QLD 4215
Site Fundamentals

Details

Land Area

3,299 m² freehold (approx.)

Frontage

51 m to Nerang River + dual street exposure (Brighton Parade & Barney St)

Existing Improvements

Two strata‑titled apartment blocks (100 units) + Restaurant

Holding Income

~A$2.5 million gross rent p.a. (vendor estimate)

Marina

Private berth in place; further pontoon expansion likely permissible (STCA)




Planning & Entitlement Upside

  • HX “Unlimited Height” zoning under the Southport PDA means the site’s vertical envelope is constrained only by aviation referral above 150 m AHD.

  • A 101‑storey / 400 m DA lodged 300 m west at 1 Park Lane demonstrates local precedent for super‑tall towers.

  • Preliminary massing indicates >100,000 m² GFA is technically feasible—ideal for mixed‑use, build‑to‑rent (BTR), branded residences or hotel (STCA).



Carry Mitigation—Cash Flow on Day 1

With vacancy across the Gold Coast at just 0.9 % (REIQ, Mar‑25), the 101 leased apartments and restaurant provide stable, index‑linked revenue that offsets land‑holding costs while design, capital‑raising and approvals proceed.



Market Drivers

  • Population Growth: The Gold Coast is adding ≈19,000 residents per year and is forecast to top 1 million people by 2037.

  • Supply Shortage: New apartment starts in Southport remain <500 units per year—well below absorption.

  • Olympic‑Led Infrastructure: Stage‑4 light‑rail extension to the airport and a $480 million indoor arena (1 km away) will amplify CBD demand ahead of Brisbane 2032.



Development Pathways (Indicative)

Scheme

Concept Yield

Target Exit Strategy

Super‑Tall Mixed‑Use

90–110 k m² GFA (3 towers)

BTS condos + luxury hotel + sky‑resort marina

Staged BTR / B‑condo

750–800 units

Institutional forward funding

Lifestyle Marina Resort

300 keys + 6 super‑yacht berths

REIT / Operator trade sale


ESG & Design Levers

  • River‑source cooling loops to slash HVAC energy.

  • EV‑ready basements accessed from quiet Barney Street.

  • Riparian setback landscaping to boost biodiversity while protecting river views.



Investment Thesis

  • Scale + Scarcity: The only CBD waterfront parcel of this size with both river frontage and PDA unlimited height.

  • Income + Optionality: Collect ~$2.5 M p.a. today; design the Gold Coast’s next skyline icon for tomorrow.

  • Olympic Timing: Launch presales into the 2032 Games build‑up, when global eyes turn to SE Queensland.


Next Steps

A secure due‑diligence vault (survey, contamination, structural, rent roll) is available under NDA. Contact the exclusive agents below for access and to book a private waterfront inspection.


Kimi Lei | 0426 634 650 | kimi.lei@bluecoastrealty.com.au

Leon Liu | 0455 725 536 | leon.liu@bluecoastrealty.com.au


 
 
 

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