Police made an emergency declaration under the Public Safety Preservation Act around 4:00am Tuesday after they had been called to the scene around 1:00am, barring all entry to the area.

The man, understood to be the owner of a jewellery store at the estate, surrendered to police after 10:00am after the tense stand-off that included police negotiators.

Gold Coast Police Inspector Greg Baade said the negotiators talked with the man for about eight hours.

“At the completion of that, the male person exited the building and was taken into custody,” Baade said.

“We’re looking at criminal charges but he will also be taken to hospital to be assessed.”

Police said they suspected the man was armed, but only a replica weapon had been found immediately after his surrender.

The Ashmore streets were blocked, and business owners and operators barred from entering the zone that included security and building businesses and a gun supply store.

“We restricted access to the area to stop people coming in there but in the end it was resolved peacefully,” Baade said.

The nearby gun shop, Gold Coast Shooters Supplies, posted to Facebook that the incident did not involve their shop and to email them if customers needed the business urgently.

“We are currently closed as the area is closed off due to an issue close by that has nothing to do with us. We will re-open as soon as we can. Please email us if urgent,” the post said.