Prime Commercial Freehold with Future Development Potential
Hotel/Leisure - SURFERS PARADISE QLD
The opportunity you have been waiting for, to secure one of the glitter strips best investments.
Situated in Australia’s premier tourist destination “Surfers Paradise” and located on the corner of Surfers Paradise Boulevard and Ocean Avenue just 50m* from the beach, 200m* to central Surfers Paradise and directly opposite Surfers Paradise North Light Rail Station, this is an opportunity not to be missed.
Currently operating as a Backpackers Hostel and offering:
– Holiday short term accommodation, 25m* to Light Rail Station, walk to beach
– Prime location for travellers in one of Australia’s most famous holiday destinations
– A superb residual gross income of $400,000 p/a*
– Water $28,000* per annum, Rates $47,660* per annum
– Fully Licensed Hostel catering for International and local travellers
– 16 x Bedrooms , each with 6 beds (96 Beds)
– 3 x Additional Staff Bedrooms
– TV lounge, communal kitchen, fully licensed bar, pool area with decking
– Reception + offices
Future Development Potential:
– Prime location, land area 850m2*, Massive street frontage on corner block
– High Density Residential Code, Light Rail Urban Renewal Area Overlay, No building Height limit
– DA approval for stunning High Rise comprising of 120 units and commercial 100m2*
– Retail/Commercial space approx. 100m2* + 150m2* exclusive use area for commercial
– 112 x 2 bed, 6 x sub pent (3 bed), 2 x penthouses
Please Note: Due to the current Covid-19 restrictions the current tenancy business is on hold.
Contact Amir Mian for a private inspection 0401 470 499.
Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Prestige Property Agents and its employees cannot be held responsible for any inaccurate details supplied here. Buyer/s must do their own due diligence regarding drawings, floor plans, council approval and measurements etc. these have not been verified by Prestige Property Agents.
- Land is 850 m²
- Floor Area is 850 m²