A development site with huge upside potential in a prominent Mermaid Waters location is already drawing serious interest from investors.

Listed by Kollosche Commercial, Lot 926, 5 The Lanes Boulevard is a cleared, level parcel spanning approximately 3,163sqm within The Lakes, a 42-hectare master planned community, originally developed by Sunland Group.

The site forms Stage 2 of a development approval granted by the City of Gold Coast in 2023, which provides for a five-storey building featuring a private day hospital, consulting rooms; four two-bedroom apartments, which can be occupied by staff, patients or be used as conventional residences; as well as 84 car parking spaces.

The existing holding comprised approximately 6,556sqm, with a subdivision creating the now available Lot 926.

Considered one of the most significant mixed-use sites on the Gold Coast, listing agent Adam Grbcic, said the DA approval was proving a strong draw for buyers.

“I fielded several enquiries from medical and wellness groups before the site was listed,” he said.

It helps that the listing complements existing investment in healthcare infrastructure on the adjoining site at 5 The Lanes Boulevard by the owners of a well-known Gold Coast dermatology clinic who are developing a new medical facility with high-tech AI diagnostics.

Yet beyond the existing approvals, Mr Grbcic said the site at Lot 926 offered broad flexibility and future potential.

Governed by The Lakes Development Plan and Place Code and sitting within the precinct’s Integrated Commercial and Leisure Precinct, the site has been identified to house a mix of amenities.

“Preliminary planning advice indicates there is capacity for a range of residential or commercial outcomes, subject to the relevant approvals, of course,” Mr Grbcic said.

“The fact that there is already sign-off for significant facilities such as a private hospital on the site is positive, but the future upside potential is truly long-ranging.”

The site is surrounded by an already well-established community. The Lakes development includes canal and lakefront homes, villas and 300 apartments within The Lanes Residences, with the community expected to grow to more than 3,000 residents.

Commercial sales agents Adam Grbcic (left) and Tony Grbcic are selling the site through formal expressions of interest.

After recently acquiring the site next door, Abedian & Co is next year expected to start construction on an estimated $180 million retail, leisure and lifestyle village. Called The Lanes, it will bring dining, retail, wellness and entertainment amenities to the precinct, alongside more than 3,500sqm of lakeside community green space.

“This will become a significant addition to the broader Mermaid Waters catchment, turning it into a sought-after lifestyle destination and boosting the appeal for those wanting to secure this rare position within an already established community,” Mr Grbcic said.

“The site benefits from exposure to Hooker Boulevard and Bundall Road and is about three minutes from Q Super Centre and five minutes’ drive from Pacific Fair Shopping Centre, Broadbeach and The Star Gold Coast.

“It is also in the heart of one of the country’s fastest-growing cities. The Gold Coast’s population has grown 22.9 per cent over the past decade, outpacing Queensland’s 16.5 per cent, and is projected to reach one million by 2040.

“Combined, this makes this listing an exceptional and likely never-to-be repeated opportunity.”

Lot 926 is open to formal expressions of interest through Adam Grbcic 0404 087 772 and Tony Grbcic 0407 968 667 of Kollosche Commercial.