INVESTMENT OPPORTUNITIES March 2015

Welcome to the Gold Coast As Mayor, it gives me great pleasure to introduce you to

MAYOR’S WELCOME

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AUSTRALIA’S GOLD COAST

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THE GOLD COAST OPPORTUNITY

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ECONOMIC OPPORTUNITY MAP

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MAJOR PROJECTS

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GOLD COAST CHINATOWN

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As Mayor, I am particularly excited about the future and the

UNDERTAKING DEVELOPMENT WITHIN THE CITY

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the next host city for the 2018 Commonwealth Games, we are

INVESTMENT OPPORTUNITY HIGHLIGHTS

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GOLD COAST CBD HIGHLIGHTS

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BUSINESS AND INVESTMENT SUPPORT

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our city – Australia’s Gold Coast. The Gold Coast is a city like no other – inspired by lifestyle and driven by opportunity. Whether you’re looking for a place to live, work, study, do business or raise a family, the Gold Coast has it all. Offering a wide variety of activities, entertainment, locations and experiences to enjoy.

opportunities which exist for investors. With the Gold Coast now embracing change and dreaming big. We are taking advantage of our opportunity to shine on the world stage. We are transforming the Gold Coast from a city with potential to a truly world class global centre. So, I would like to impress upon you that the Gold Coast is ‘open for business’. We have the strong political will to facilitate foreign investment and provide certainty for those who partner with the city. As a young city in transformation, the best is yet to come. I invite you to join us on this successful journey.

This publication has been prepared as an information source only. Council of the City of Gold Coast makes no statements, representations or warranties relating to accuracy or completeness and you and all other persons should not rely upon any information contained in this publication. Any reference to any specific organisation, product or service does not constitute or imply its endorsement or recommendation by the Council of the City of Gold Coast. Council of the City of Gold Coast disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages and costs you might incur as a result of the information being inaccurate or incomplete in any way and for any reason.

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MAYOR TOM TATE

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Gold Coast, Australia The Gold Coast is a city coming of age. It is a place of

The Gold Coast stretches along 57 kilometres of coastline

Welcoming close to 12 million visitors each year, the Gold

As host city for the Commonwealth Games in 2018, the

opportunity that, over the next decade, will transform into a

and is home to over half a million people. Beyond the city’s

Coast is Australia’s premier tourist destination, offering a vibrant

Gold Coast is embracing transformative civic projects like

globally-recognised city while retaining its enviable lifestyle

beautiful beaches are vast, sub-tropical rainforests with

mix of shopping, accommodation, theme parks, restaurants,

never before, with more than $13.5 billion in major infrastructure

and stunning natural environment.

breathtaking scenery.

entertainment and an abundance of natural attractions.

projects planned or underway that will change the face of our

Strategically located on the edge of the Asia-Pacific rim, with

The city enjoys a five-year average annual growth rate of

With a robust economy valued at $25.2 billion, and an

access to two international airports, the Gold Coast is perfectly

2.3 per cent and has access to an economic catchment

ambitious strategy that encourages innovation and sustainable

This positive attitude towards growth, combined with

positioned as a destination for business, investment, study,

of 3.6 million people.

growth, the Gold Coast’s future is full of promise. Ours is

competitive residential, commercial and retail real estate

an economy of opportunity that has grown from its basis

markets; the lowest rate of payroll in Australia; and support

in tourism and construction to a diverse, knowledge-based

from our business and investment team, is why now is the time

economic environment.

to invest in the Gold Coast.

city in a way that is distinctly our own.

sport, events, tourism and lifestyle.

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THE GOLD COAST OPPORTUNITY

Culturally rich with a diverse local population, the unique

Increasing numbers of Chinese tourists (growing 24%

Gold Coast culture attracts visitors from all around the world.

between 2011 and 2013) are attracted to the Gold Coast every year, outstripping the national average as well as the

The City of Gold Coast (the Gold Coast) attracts more

major cities of Melbourne and Sydney.

visitors per 1,000 residents than Brisbane, Sydney, Melbourne and Australia.

Business friendly Gold Coast is located in one of the easiest countries in the world to start up a business.

Catering for the high and growing volume of tourists, the Gold Coast offers one of the most extensive range of hotels

The Gold Coast’s proximity to highly populated, fast

in Australia.

growing markets in the Asia Pacific Region provides businesses with an outstanding competitive advantage.

Tourists to the Gold Coast spend on average $395 per visitor per day, which is higher than the national average.

The Gold Coast boasts one of the fastest growing populations in Australia.

Per capita labour force participation rates on the

There were almost five million domestic arrivals and

Gold Coast are higher than the national average, as well

departures at the Gold Coast’s busy airport in 2012.

as the major capital cities of Brisbane, Sydney and Melbourne.

The region benefits from easy and quick access to the Gold Coast business centre from the airport.

The Gold Coast has a strong commitment to education with one of the highest number of universities per capita

Forward looking and focused on communications

in Australia.

infrastructure, the Gold Coast is an active participant in encouraging the uptake of the national broadband network.

Reflecting strong recent population growth, there were a high number of residential approval projects underway on

The Gold Coast has a higher diversity of industries relative to

the Gold Coast in 2012-13.

Brisbane and Melbourne.

Referred to as the lifestyle capital of Australia, the Gold Coast is home to 21 spectacular beaches and receives more sunshine than most major cities across the globe.

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ECONOMIC OPPORTUNITY MAP Economic opportunities have been identified that will significantly contribute to the economic growth of the city and provide the foundations to drive future growth. These opportunities relate directly to the key strengths identified including innovation, culture, infrastructure, business productivity and efficiencies, workforce and skill generation and facilitating a competitive edge within global markets.

Coastal Corridor University Research Triangle

CITY-WIDE OPPORTUNITIES • High speed broadband and digital

Heavy Rail

economy opportunities

Light Rail

• Expansion of light rail and expanded public transport • Business focused zoning included in Draft City Plan 2015 • Research triangle • Commonwealth Games sports and

CENTRAL REGION 5

Gold Coast CBD

Yatala enterprise area

• Manufacturing • Warehousing and distribution • Export and investment attraction • Research and development

• Broadwater marine precinct

• Education precinct

• Tourism, recreation, leisure

• GCIT (TAFE)

• Tourism infrastructure • Destination beach and surf districts

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 old Coast health and G knowledge precinct

• Griffith University • Gold Coast University Hospital

North East Gold Coast

• Future strategic land opportunities including general aviation, marine, sports and agriculture

Carrara sports precinct

• Metricon Stadium 8

Bundall

• Cultural precinct • Cultural corridor 9

Robina and Varsity Lakes

• Knowledge and innovation 3

Coomera town centre

• Creative and knowledge industry development • Theme parks • Marine precinct 4

Oxenford/Helensvale

• Film investment attraction • Theme parks

• Dive attractions • Creative incubators • Collaborative workspaces 12

Surfers Paradise

• Tourism infrastructure 7

• Government administration 2

Coastal corridor, Broadwater and islands

• Aquatic centre

• Commonwealth Games Village

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• Chinatown

public domain infrastructure

NORTHERN REGION

COASTAL REGION

development

• Cultural corridor 13

Broadbeach

• Business tourism opportunities • Convention facilities

SOUTHERN REGION 14

Southern Gold Coast

• Gold Coast Airport • Southern Cross University

• Bond University

• Tourism infrastructure

• Robina Hospital and health precinct

• Cross border opportunities

• Skilled Stadium 10

Mudgeeraba

• Cultural heritage/tourism

HINTERLAND REGION 15

Hinterland

• Eco-tourism and adventure tourism infrastructure • Environmental research activities • Local food production and agricultural opportunities • Film industry – location opportunities

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MAJOR PROJECTS We are investing in the future with more than $13.5 billion in major infrastructure projects planned, underway or recently completed, including a Light Rail network; an integrated health and knowledge precinct; and world class sporting infrastructure in preparation for the Gold Coast 2018 Commonwealth GamesTM (GC2018). Major road and rail transportation are connecting the city’s education, business, health and entertainment precincts and increasing investment opportunities in the city.

G: Link Light Rail With 16 stations and a 13-kilometre dedicated light rail corridor linking Griffith University to Broadbeach, stage one became operational in 2014. The Gold Coast Light Rail is a $1.6 billion public private partnership with Goldlinq securing the rights to build and operate the system. The system was delivered within a complex urban services environment.

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Integrated Resort Development

Gold Coast Health and Knowledge Precinct

Coomera Sports and Leisure Centre

Gold Coast Cultural Precinct

Gold Coast Health and Knowledge Precinct

Integrated Resort Development

Gold Coast 2018 Commonwealth GamesTM

Gold Coast Cultural Precinct

The Gold Coast Health and Knowledge Precinct is home

ASF Consortium has proposed a multi-billion dollar ntegrated

The international spotlight will be on the Gold Coast in 2018,

The $365 million Gold Coast Cultural Precinct will bring the

to a world class teaching hospital and research and allied

Resort Development, including a cruise ship terminal, for

when the city hosts one of the largest multi-sport events in the

community together to engage with arts and culture, supporting

medical facilities.

the Broadwater.

world – the Commonwealth Games. 6500 athletes and team

the city’s broader cultural economy and creative industries, and

officials from 71 Commonwealth nations and territories will

providing new employment and business opportunities

The precinct is rapidly growing and is already home to

The Queensland Government has shortlisted ASF Consortium

participate in 11 days of competition, with the event broadcast

the new state-of-the-art Gold Coast University Hospital,

to now prepare a detailed Integrated Resort Development

to almost one third of the world’s population.

Griffith University, and construction of a new private hospital

proposal for assessment. A decision on whether ASF

is due for completion in 2015.

Consortium will receive a resort licence and associated gaming

Approximately $200 million in new world class sporting

by ARM Architecture and Topotek1, was announced in

licence is expected in early 2015.

infrastructure will be constructed in readiness for GC2018,

November 2013.

The precinct provides an innovative environment for a diverse

international cultural tourism destination. The design concept,

building on the city’s existing high performance sporting facilities

range of businesses to cluster and grow, strengthening the

The project is potentially the largest tourism development in

including the Athletes Village, Gold Coast Aquatic Centre,

Gold Coast economy through the stimulation of knowledge

Queensland’s history.

Coomera Sports and Leisure Centre and the redevelopment

and information sharing and the attraction of internationally

The precinct will promote the Gold Coast as a ‘must-visit’

of Carrara Sports Precinct.

recognised researchers, clinicians and collaborators.

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Gold Coast Chinatown Currently under construction, the $6.8 million Chinatown precinct is an integral part of the development of the CBD as a thriving, multi-cultural city centre. Chinatown is being developed in partnership with the community, private sector and government. It will offer an authentic Asian experience and create a unique destination. Focused on Young and Davenport Streets in the CBD, Chinatown will be a destination along the G: Link light rail corridor that provides a place for the Gold Coast to celebrate its diversity through culture, design, people and food. At the heart of Chinatown will be an exciting mix of restaurants, cultural festivals and boutique retail offerings; a place of cultural indulgence and celebration. This modern representation of Chinatown will embody the Gold Coast spirit, encourage Asian tourists and foster international relationships. Chinatown will contribute to our strengths as a diverse tourism city and as a destination in which to live, do business, be entertained and educated. Chinatown will provide a sense of home to the strong Chinese and other Asian communities that permanently reside on the Gold Coast, including international students, and become a place of interest for the growing number of Chinese visitors.

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UNDERTAKING DEVELOPMENT WITHIN CITY OF GOLD COAST Development Application In order to carry out certain types of developments, an application may need to be made for a development permit. The authority responsible for issuing a development permit is the Local Government – Council of the City of Gold Coast. In addition to a development permit you may require additional approvals from State and Federal Government such as Foreign Investment Review Board approval. Depending on the type of development proposed, the application may require information about what the development will look like when complete, the materials to be used, and any impacts the proposed development may have on the surrounding environment. Key development application steps include: • preparation • application/lodgement • information request (if necessary) • referrals • public notification • assessment and decision • appeal Should the site already have a development approval in place you may be permitted to undertake changes to the existing approval. Further discussion on any proposed changes would need to be undertaken with Council of City of Gold Coast.

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Some of the key items that you may need to consider when

sustainable manner. The Scheme sets out the preferred land

investing within City of Gold Coast include:

use of every Gold Coast property and identifies what natural

• due diligence period and content • how you will acquire the property • funding the investment • form of ownership • Foreign Investment Review Board • visas and migration • advice from consultants • Development Applications within City of Gold Coast

areas should be protected, where shops, industrial estates and public spaces should be located, and sets standards and criteria for buildings. The Planning Scheme is periodically reviewed and amended in

City of Gold Coast Planning Scheme 2003 The City of Gold Coast Planning Scheme guides the way new development occurs on the Gold Coast. It is a key tool to help the City manage the Gold Coast’s ongoing growth in a

• there are no state agency referrals

Development Timeframes A general indication of decision time frames by City of Gold

• there are no negotiated decisions

Coast for development applications are:

• there are no third party appeal rights

1. A Code Assessable Application may take between

• an applicant can only appeal a nominated assessing

accordance with State legislation relevant at the time.

authority condition.

Gold Coast CBD Priority Development Area (Southport PDA)

Draft City Plan 2015

3-6 months (from lodgement to decision) 2. An Impact Assessable Application may take between 6-12 months (from lodgement to decision)

The Sustainable Planning Act 2009 requires the City of Gold The Southport PDA Scheme guides planning and development

Coast to review the planning scheme every 10 years to ensure

within the Southport PDA.

it continues to respond to growth and changes at a local,

Planning Scheme • Draft City Plan 2015 (further details below)

• there is no code or impact assessment

regional and state level. The principles guiding the scheme are simple, by removing barriers to development; investor and developer confidence

As such a new City Plan has been developed which sets out

is boosted within Southport, ensuring the delivery of a vibrant

the City of Gold Coast’s intention for the future development in

CBD – the definitive centre for commerce on the Gold Coast.

the City Plan area, over the next 20 years.

In contrast to other areas of City of the Gold Coast,

The commencement target for the draft plan is 31 May 2015.

development projects within the Gold Coast CBD have the following benefits:

3. If there is an appeal to the Planning and Environment Court, it could take a further 12 months.

Who may you need locally? For a property development project, your key consultants will include a lawyer, architect, town planner, project manager, real estate agent and accountant. Builders, engineers and surveyors will be appointed at a later stage but should be consulted within any due diligence period City of Gold Coast would be pleased to make introductions to local industry experts who can provide specialist advice on all of these areas and who have experience working with foreign investors.

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INVESTMENT OPPORTUNITY HIGHLIGHTS In addition to the investment projects presented, opportunities exist for investors across a diverse range of industries including major projects, manufacturing, warehousing and distribution, marine, health, medical and information communication technologies. The City of Gold Coast provides a suite of services to investors including financial assistance and in kind support through the City’s approved Investment Attraction Program. To discuss these and additional opportunities that exist within the City of Gold Coast please contact E [email protected] P +61 7 5581 7528

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Komune Resort, Coolangatta

Surf and Sun Backpackers, Surfers Paradise

17 Kristins Lane, Upper Coomera

566 Foxwell Road, Coomera

Opportunity exists to purchase Komune Resort and Beach

Opportunity to acquire a motel/backpackers incorporating

Totalling 2.643ha, this Commercial development site is one of

Sensational site with waters views. This 17 acre property is

Club, which also has a development approval in place to

a fully licensed hostel catering for international travelers.

the last prime located properties in the Northern Gold Coast

suitable for 130 homes and can be acquired with the approvals

extensively upgrade the property to a resort style hotel with

The property occupies a prominent corner position in

area. It sits in the heart of one of the fastest growing region in

in place. Excellent location on northern Gold Coast amidst

46 hotel suites so that it can be recognised as a 4.5 star hotel.

Surfers Paradise, adjacent to the light rail.

Australia, known locally as the Upper Coomera District Centre.

established homes in a great neighbourhood.

Type of site:

Zoned mixed use / fringe business in the new draft City of Gold

Type of site:

Type of site:

re-development opportunity

re-development opportunity

residential development site

Land area: 812sqm

Land area: 1284sqm

Coast Town Plan, this site lends itself to retail, showrooms,

Land area: 6.93ha

Method of sale: private treaty

Method of sale: expressions of interest

office, mixed use or other commercial uses including residential,

Method of sale: private treaty

retirement or medical facilities. Type of site: commercial/mixed use or fringe business development site Land area: 2.643ha Method of sale: private treaty

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Riverlinks Central Development, Coomera

18-20 Garfield Terrace, Surfers Paradise

1 Eastern Service Road, Staplyton

Approved mixed use development site with direct access to

A very rare opportunity to purchase a freehold development

This site represents one of the last remaining opportunities

the M1 motorway within the Brisbane – Gold Coast corridor.

site just 50 meters from the beach frontage and 1km south of

to purchase in the Yatala Enterprise Area, between two

Residential component boasts absolute water frontage and

the world renowned Surfers Paradise tourism district and 2km

of the closest interchanges on the M1 giving direct access

easterly views with an unsurpassed exposure to passing traffic.

to central Broadbeach with its many restaurants, cafes and

to Brisbane CBD and the Gold Coast.

Jupiters Casino. Type of site:

development site

Totalling 38,810sqm the site currently has Development

Land area: 5.56ha

Type of site:

development Site

Approval for a 17,500sqm industrial warehouse which

Method of sale: expression of interest

Land area:

811sqm

would occupy 45% of the total site providing plenty of

Method of sale: expressions of Interest

hardstand area. The development would include B-double access and drive through functionality as well as provisions for loading docks. Type of site:

industrial development site

Land area: 38,810sqm Method of sale: private treaty

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Marriott Resort

Approved marina and industrial development site, Coomera

The iconic Surfers Paradise Marriott is one of the most

Main Place, Broadbeach Development site with approval for an iconic 50 storey

prestigious 5 star hotel properties in Australia. The hotel has

Significant development site with approval in place for 374

mixed use development, comprising residential tower,

329 guest rooms and extensive conferencing and resort

marina berths, industrial and mixed use. Located adjacent to

5 star resort hotel, commercial offices with retail shops,

facilities which provide a diverse income stream. In 2011,

the existing Gold Coast City Marina.

cafes and restaurants.

transformation has seen a positive profitability trend since

Type of site:

development site

Type of site:

its completion.

Land area:

63.6ha

Land area: 3,725sqm

an extensive $20M refurbishment was completed. This

Method of sale: offers to purchase

re-development site

Method of sale: private treaty

There are a number of value add opportunities that exist such as the potential for further development with initial plans for a 42 level tower with 144 residential apartments as well as expansion of the marina facility (STCA). Type of site:

hotel with further residential/marina

development potential Land area: 2.78ha Method of sale: expressions of interest campaign,

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closing 5th March 2015

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Approved residential development site, Carrara

11 Thornton Street, Surfers Paradise

Bond Lodge

Central Gold Coast development site with approval in

This is a rare opportunity to purchase a beachside parcel

Opportunity to acquire a development site with a current

place until 2021 for 270 three bedroom apartments.

of land in Surfers Paradise. Located only 100 metres from

development approval in place for 420 studio apartments over

Close to Jupiters Casino, Broadbeach, shopping centres

the beach and Northcliffe Surf Club, this asset has the

4 buildings located directly opposite Bond University and within

and transport nodes.

potential to be developed as a residential house, duplex or

2km of Robina Town Centre.

high rise amalgamation. Type of site:

development site

Type of site:

development site

Land area: 10.86ha

Type of site:

residential development site

Land area: 8,611sqm

Method of sale: offers to purchase

Land area:

405sqm

Method of sale: private treaty

Method of sale: private treaty

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3143 Surfers Paradise Boulevard

Entire city block, Surfers Paradise

Foxtel Robina

Frank Street, Labrador

Freehold commercial investment with future development

This entire city block is a premier development site with

Foxtel headquarters is a rare long net lease investment

A prime medium density residential development site located

upside. Currently has strong established tenants with a large

approval for two towers (909 bedrooms in total) plus

opportunity underpinned by a world class tenant. With an

in the emerging Labrador urban renewal precinct. This is a

amount of foot traffic in the centre of Surfers Paradise.

podium level.

8.6 year WALE and fully occupied by Foxtel to 30 September

2,117 sqm investment grade development site with strong

2023, this investment has a net income of $3,588,525 PA

holding income and minutes to the Gold Coast CBD, the

and is truly an outstanding investment.

Gold Coast Health and Knowledge Precinct and

Type of site:

retail

Type of site:

Land area:

632sqm* approx

Land area: 11,827sqm

Method of sale: sale by negotiation

development site

Method of sale: sale by negotiation

Commonwealth Games Village. Type of site: commercial investment Type of site:

Method of sale: expressions of interest closing

Land area: 2,117sqm



Method of sale: expressions of interest closing

Thursday, 19 March 2015



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development site

Land area: 6,760sqm

Thursday, 5 March 2015

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Gold Coast CBD highlights The City of Gold Coast is working to revitalise Southport as the Gold Coast’s vibrant and dynamic CBD, with the recent declaration of Southport as a Priority Development Area (PDA). The PDA will remove barriers and provide assistance for developers, paving the way for new, streamlined business and development opportunities. Under the Southport PDA, the City of Gold Coast has earmarked opportunities for development of land within the Gold Coast CBD that focus on developing a world-class urban space and provide greater economic outcomes for the city. Along with the PDA declaration, the revitalisation of Southport is being driven by $5 billion in public and private infrastructure investment. Investment to date includes the development of the Gold Coast Light Rail, with four stations servicing the CBD and providing connections to the greater city transportation network, Gold Coast Health and Knowledge Precinct, Gold Coast University Hospital and private hospital, Griffith University, Gold Coast Chinatown, Southport Broadwater Parklands, Gold Coast Aquatic Centre, Gold Coast Institute of TAFE redevelopment and sporting and cultural facilities for the Gold Coast 2018 Commonwealth GamesTM.

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Prime Southport office investment

100-102 Marine Parade, Gold Coast CBD

8 Scarborough Street, Southport

Southport high rise development site

A commercial office investment with future re-development

Extremely rare opportunity to acquire a site that has been

Development site situated in Gold Coast CBD and close

In the heart of the Southport Priority Development Area, this

potential is located in the heart if the Gold Coast CBD within

held for over 35 years. Exceptional corner block location,

to numerous local amenities and public transport. The site

development site has a proposed scheme for mixed use retail,

close proximity to Chinatown. The property benefits from solid

with uninterrupted views of the Broadwater. Local developer

has development approval for 48 storeys, including suites,

office and residential with 45 storeys and 499 apartments

tenants including lawyers, accountants and fund management

operating in South East Queensland for over 50 years is

apartments, specialty retail, recreational and 5 levels of

(approx and subject to council approval). The property has

firms. Attractive income whilst a re-development application

searching for a joint venture partner.

underground car park.

a strong holding income, uninterrupted views across the

could be also considered.

Broadwater and Main Beach and the Southport South light rail Type of site:

Type of site:

investment property with re-development

potential. Land area:

943sqm

Method of sale: private treaty

Type of site:

development site

Land area: 1,618sqm

development opportunity

Land area:

5,044sqm

Method of sale: joint venture (investment overview available

Method of sale: private treaty

upon request)

station at your doorstep. Type of site:

development site

Land area:

5,113sqm

Method of sale: expressions of interest closing

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Thursday, 12 March 2015

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Business and investment support The City of Gold Coast (Council) has established a program to assist you to invest or set up your business on the Gold Coast. The program offers a suite of services including financial assistance, itinerary development, introductions to local industry networks, streamlined development applications and much more. To find out how we can help you, contact one of our experienced Investment Attraction officers: P

+61 7 5581 7528

F

+61 7 5581 7838

E

[email protected]

W

investgoldcoast.com.au