Price Undisclosed
20 Bed • 20 Bath • 20 Car
New
Sold
Sold
2591 Gold Coast Highway, Mermaid Beach QLD 4218
Price Undisclosed
- 20Bed
- 20Bath
- 20 Car
Block of Units Sold on Tue 10 Aug, 2021
What's around Gold Coast Highway
Block of Units description
“Prime Freehold Development Site + Holding Income”
PRIME FREEHOLD DEVELOPMENT SITE + HOLDING INCOME
Freehold Motel Investment and Development Site located on the beach side of Gold Coast Highway.
Browns on Broadbeach is set on a large 2,286* m2 block of land on the Gold Coast Highway, Mermaid Beach. Just 400 metres* from the beach and 14-minute walk to the heart of Broadbeach where you have an array of cafés, restaurants, specialty stores and Woolworths.
There are 20 income producing motel rooms with tea/coffee facilities, TV, microwave, bar fridge and air-conditioning on request.
Strong holding income allows multiple commercial options, including maintaining current business, commercial & retail redevelopment, and multi-level residential construction. Development opportunities like this one only come up once in a generation, so do not delay and contact us now.
* 20 spacious motel rooms
* Swimming Pool
* Walking distance to shops and café
* Less than 15 minutes' walk to the centre of Broadbeach
* 5 Minutes* walk to Gold Coast beaches
* 2 Minutes* walk from Broadbeach Tram Station
* Opposite major shopping centre Pacific Fair
* Annual income potential 20/21 - $395,200 per annum based on 100% occupancy
* 20 cars space and self-service laundry
* Potential building concepts available upon requests (subject to council approval)
*Denotes approx
Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.