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Central Surfers Paradise Major Development Site with Great Holding Income or Solid Income Generating Long Term Leased InvestmentProperty ID 1755497A 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!
Thursday 16th November 2017 @ 11am
Gold Coast Turf Club, Racecourse Drive, Bundall
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
Hotel/Leisure for Auction
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.