Le Reve, QLD
3,555 Main Beach Parade, Main Beach, QLD, 4217
Development of 33 ultra-premium beach-front apartments in Main Beach on the Gold Coast.
Key Item
Value
Property Type
Land Size
Residential
1,335sqm

In December 2024, Metrics was presented with an off-market opportunity to acquire and develop the project with an existing builder / developer JV partner.

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The site benefits from 30 metres of uninterrupted beach frontage providing purchasers direct access to the beach and uninterrupted coastal views. The site is well located near local retail amenities including Australia Fair Shopping Centre and Tedder Avenue.

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Purchasers enjoy access to a full suite of resort-grade amenities including a 25 metre elevated beachfront pool, spa, steam room, sauna, yoga studio, cold plunge and modern gym. Private lawns, an oceanfront lounge and dining areas provide additional spaces for purchasers to enjoy.

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The development offers both full and half floor residences with full floor apartments starting from level 16. The apartment product mix is weighted towards three and four bedroom units, aligning with the strategy of targeting owner occupier purchasers, specifically second home buyers and downsizers.

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The builder has commenced main works on site with a target construction completion date of Q1 2028.

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The project will benefit from a planning amendment submitted to the local council to increase the height of the project by at least two additional levels which will further improve project returns.

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