1265 Gold Coast Highway, Palm Beach QLD 4221

Huge Price Reduction Original Price Was Offers Over $2,480,000 + NOW ONLY $1,775,000

Best Value Highrise Site Available On The Gold Coast

Positioned beachside of the highway is this outstanding investment opportunity.

Originally Palm Beach Motel although currently consisting of 11 self contained bedsitters returning $2,345 Per Week or $121,000 PA.

Huge potential to run as a motel an increase the income substantially.

This outstanding investment property offers huge potential to develop a highrise or leave as is and collect the rent.

The current town plan allows for seven storeys, although council is looking to increase this very soon.

Features:

* 11 Self Contained Apartments
* All Air Conditioned
* BBQ Area
* Community Laundry
* Fully Let
* Beach 30 Second Walk
* Close to Transport
* 824sqm Double Block
* 1263 & 1265 Gold Coast Hwy
* 2 Separate Titles
* RD6 Density = 1 Bedroom Per 33sqm
* 7 Storey Height Limit
* Rear Access to Jefferson Lane
* Council Walkway at Rear of Property

This is an extremely rare opportunity and with the Gold Coast property market gaining momentum, now would be the perfect time to secure your next investment.

Very Motivated Seller