A 681 m² freehold site with 28.3 m of frontage to Bundall Road, earning two rents while you plan its commercial future. Offers over $2.1M, off-market.

The commercial opportunity
This side of Bundall Road is already a business strip. The neighbour on the other side, 109 Bundall Road, is for sale seeking offers around $3.2M*. Many of the houses along it have been converted to commercial offices, alongside showrooms, medical suites and retail, all facing six lanes of traffic on one of the Gold Coast's main business corridors. 111 Bundall Road offers the same path: seek approval to convert the existing building, or redevelop the site as a purpose-built commercial office with residences to the canal at the rear. Both are subject to council approval.

What's possible on this site
Next door at 113 Bundall Road, council approved a shop and a third home in August 2026 (MCU/2026/184): a new arched street front with a shopfront facing the road, and a partial third storey under 9 m — in the same Medium density residential zone as 111. Using that as a guide, an owner of 111 could seek approval to refresh the street front with a small shop, studio or professional suite on Bundall Road, add a home or an extra level over the canal, or redevelop the 681 m² site — while the two leases pay $87,880 a year. All subject to council approval. The approved layout and floor plans for 113 are in the Information Memorandum (pages 8–11), and the stamped plans are on council's site: https://integrations.goldcoast.qld.gov.au/pdonline/default.aspx?oid=A124115003

Double income while you plan
• Two homes, both leased until March 2027: the double-garage home at $840 and the single-garage home at $850 per week, $1,690 combined ($87,880 a year)*
• 4.18% gross return at the asking price, before outgoings
• The rent covers holding costs while plans, approvals and tenants for the commercial use are lined up

Outgoings (as advised)
• Council rates $2,650.13 for Jul–Dec 2026 (about $5,300 a year)
• Water $520 for May–Aug 2026
• Home & contents insurance $2,165 a year; landlord insurance $406 per home
• The two homes are separately metered

The site
• Lot 7 RP143374, 681 m² freehold, one title
• 28.3 m to Bundall Road, 10.3 m to the canal at the rear
• Brick two-storey duplex pair: 317 m² internal (376 m² incl. patios and balconies), 4 bed, 2 full bath + 2 powder (1.5 baths per home), 3 garages
• Medium density residential zone (RD3, 9 m height) under Gold Coast City Plan

The precinct
HOTA draws 780,000+ visitors a year with a Lyric Theatre proposed, council is masterplanning new chambers on Bundall Road, and a 6,072 m² Bundall site recently sold for $13.6m for a mixed-use commercial and medical hub.

It suits a business owner who wants their own office on Bundall Road, an investor who wants income now and a commercial upgrade later, or a developer.

Sold nearby
Twelve sales of $2M and over within 600 m in 2025–2026, from $2.18M to $5.2M (median $2.96M): canal duplexes on Inga Avenue and Vespa Crescent, homes on Gibraltar Drive and commercial buildings on Upton Street and Crombie Avenue. Numbered map and table: https://2099001e-5226-424f-b3e0-73603cba295c.usrfiles.com/ugd/2354f9_22e39b768db84712898138c0beadb2d1.pdf (also in the Information Memorandum, page 13).*

Inspections by appointment only (tenanted, 24 hours' notice). Read the Information Memorandum online for the income, floor plan, planning layers and sale process. Submit an offer at gcprestige.au/eoi.

Contact Oktay Vali at GC Prestige Commercial on 0424 674 031.

*Rents, outgoings, lease terms and the 109 asking price as advised by the vendor. Sales data: RP Data Pty Ltd trading as Cotality and the State of Queensland 2026; not a valuation. Yields are gross, before outgoings. Any change of use, commercial office use or redevelopment requires council approval. Zoning per Gold Coast City Plan, subject to council confirmation. Buyers should make their own enquiries.