Plans Revealed For Three New Gold Coast Projects
WORDS: Ocean Road Magazine Editorial Staff PHOTOGRAPHY Supplied
Acquisitive Queensland property developer Sherpa has continued to show its confidence in the Gold Coast with the acquisition of three premier sites.
Sherpa Property Group has recently purchased a 1710sqm site at 107 Stanhill Drive in Chevron Island, a 915sqm site on 45 Labrador Street and a 17Ha site on Winchelsea Way at Terranora for future residential developments. The price for all properties has not been disclosed.
The acquisitions come on the heels of the company’s sell-out success of its Perspective Broadwater project and the near sell-out of Perspective on Albatross in Mermaid Beach.
Sherpa Property Group founder Christie Leet said the company was keen to explore further opportunities as its recent projects were nearing completion.
“We’re very bullish on the Gold Coast market and these latest acquisitions will enable us to continue to build and grow Sherpa brand as a residential developer of choice for discerning buyers,” he said.
“We believe and have long held the belief that the Gold Coast is poised for remarkable growth in the years to come, and we are thrilled to be able to provide high-end luxury residential offerings as the city matures and grows.
“We see tremendous potential in Chevron Island, Labrador and Terranora as three of the best sites site available in the Gold Coast region. Choosing these locations for our new projects aligns with our vision of creating premium living spaces that contribute to the vibrant character of the Gold Coast.”
Located at the best riverfront site on the Gold Coast, the Chevron site will be another addition to Sherpa’s ‘Perspective’ brand and deliver a luxury riverfront project.
Further down the coast, the Terranora site is set to add to Sherpa’s ‘Estates’ brand and has plans to be a large lot subdivision on Northern NSW’s most premier acreage with incredible views. Whilst up north in Labrador, Sherpa will return to its ‘Freedom’ brand roots and deliver a small lot subdivision, which the company believe is the future of housing on the Gold Coast.
Sherpa Property Group is currently in the planning stages for the three projects, with a Development Application expected to be lodged for the Chevron site in late 2023.
Mr Leet said the growth trajectory of the Gold Coast was simply astounding.
“Apartment sales have increased, and stock levels have decreased – we are keen to fill that void,” said Mr Leet.
New data from Urbis has revealed a significant increase in apartment sales (470) sales from the previous quarter (200). The majority of these sales were centred around the traditional apartment precincts of Surfers Paradise, Broadbeach and Main Beach.
Sherpa has undertaken 11 projects on the Gold Coast over the last six years.
These include Scenic Ridge at Bilambil Heights, Freedom Caba at Cabarita, Freedom Rainbow Bay at Rainbow Bay, Freedom Skyline at Ashmore, The Golden Four at Bilinga, Perspective 202 at Bilinga, Perspective 488 and Perspective Two Sea at Palm Beach, Perspective Broadwater at Biggera Waters, Perspective on Albatross at Mermaid Beach and Perspective Nexus at Palm Beach.