For Sale

2834 Gold Coast Highway,
Surfers Paradise 4217, Queensland

882m² land size
Land/Development

Property details

DEVELOPMENT SITE - STRONG HOLDING INCOME - MASSIVELY UNDER RENTED (PERIODIC LEASES) - EXCLUSIVE AGENCY

Thomas Clark & Emilio Ciavarella from Ray White Commercial, are proud to present to the market this freehold residential/motel, investment and development site situated at 2834 Gold Coast Highway, Surfers Paradise. Strategically located between Broadbeach and Surfers Paradise, with a prominent frontage to the Gold Coast Highway & within a high growth, densely populated area.

The Property is being offered as a freehold going concern. Providing the opportunity for investors seeking a well located, high profile property withholding income, or developers looking to capitalise on a prominent corner position with range of development opportunities under the current town plan.

Key Attributes;
• Land size 882*sqm
• Current Improvements: 18 rooms
• Income $300,000* per annum (periodic tenants)
• Zoning: High Density Residential Zone with Unlimited Height Allowance & RD8 Density (1bed/13m2)
• Build new high-rise development^ STCA
• Located immediately on the light rail line, with a station located only 100m south of the property
• Excellent proximity public transport, restaurants, cafes, entertainment, world renown beaches, parks shopping and schools.

Conceptual plans available upon request.

The property is For Sale by Expressions of Interest.

For further information or to arrange a private discussion, please contact the marketing agents, Thomas Clark & Emilio Ciavarella; The Exclusive Agents
*Approximately.
^Subject to Council Approval.

Disclaimer: 'The Collective Commercial Pty Ltd' trading as Ray White Commercial Burleigh Group, 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, advice or as is otherwise necessary. No duty of care is assumed by 'The Collective Commercial Pty Ltd' trading as Ray White Commercial Burleigh Group towards the recipient with regard to the use of this information, and all information given is given without responsibility.

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