Sold
Hotel/Leisure

26-28 Peninsular Drive Surfers Paradise, QLD 4217

Sold for $3,900,000 on 16 Nov 2017
  • Building: 650m²
Agents

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Hotel/Leisure in Surfers Paradise

Central Surfers Paradise Major Development Site with Great Holding Income or Solid Income Generating Long Term Leased Investment

  • Building: 650m²

A golden opportunity to acquire this superb central location development or long-term investment site virtually right in the heart of Surfers Paradise.

  • Net income $450,882.50p.a. (with higher of 3% or CPI annual increases)
  • Leased until Nov. 2025 with 3 x 5 year options
  • Landlord (only) Break Provision to Facilitate Redevelopment
  • Tenant pays all Outgoings
  • Land area 1,016m2* with 36m* of street frontage
  • Operated as one of the Gold Coast's most successful backpacker resorts for over 20 years
  • Walk to Surfers Paradise Beach
  • Zoned Hx (no height limit)
  • Walking distance to cafes, restaurants, shops, G-Link and Surfers Paradise CBD

An outstanding opportunity - Don't miss out!

* Approximately

AUCTION
Thursday 16th November 2017 @ 11am
Gold Coast Turf Club, Racecourse Drive, Bundall

AGENT
Michael Willems

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Building:

650m²

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