Terranora development site with views up for sale

Sweeping panoramic views over Terranora Broadwater and the Pacific Ocean will be available to future residents of a development site up for grabs just over the Queensland border.

The 37.99 hectare site at 93 Parkes Lane Terranora will be auctioned by Colliers International Gold Coast Special Projects Division on 16 March on behalf of mortgagees Sandhurst Trustees Limited and Heritage National Limited.

The Parkes Lane residential development site is a significant infill location, surrounded by existing residential development and the Altitude Aspire project with earthworks currently underway onsite.

Colliers International’s Darrell Irwin said its expansive northerly views combined with its close proximity to the plethora of facilities around the Queensland/Tweed border made the site an attractive proposition.

“Its great appeal to end users will be the fact they can access everything from local private schools, to retail centres, Gold Coast Airport, to the unspoilt beaches of Kingscliff and Fingal Heads all in under 15 minutes’ drive,” he said.

93 Parkes Lane Terranora

“For those who not only want to enjoy the spectacular views, but get wet in the Broadwater, they’ll be able to take advantage of the quiet uncrowded waterways that are ideal for boating.”

“Given the approvals and progress underway on the new residential estate on surrounding land, a residential subdivision would appear to be the logical ‘highest and best use’ for land at the northern end of Parkes Lane into the future.”

The naturally undulating site has residential zoning with water and sewer likely to be available to future blocks and is located within ‘Area E’ of the Tweed Local Environmental Plan, which is the urban land release area.

“With both other land estates in the area - Altitude Aspire and Fraser Cove - selling well, we expect good interest in the property.”

The public auction will be held in Colliers International Surfers Paradise office on Wednesday 16 March at 11am.

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