PRICE REDUCTION. OFFERS OVER $5.5 MILLION DEVELOPMENT SITE - SURFERS PARADISE WITH HOLDING INCOME 2963 Surfers Paradise Blvd, Surfers Paradise - 832sqEnquire about a commercial loan
This site offers a rare development opportunity in Surfers Paradise.
Currently a strata titled apartment complex of 6 x 3 bedroom apartments and 2 x 2 bedroom apartment for letting deriving an annual income of around $140,000 pa. It has also previously been used as a Backpackers Hostel where income was closer to $350,000 pa. nett.
This site has been the subject of a pre-lodgement meeting with Gold Coast City Council for a 30 storey apartment/hotel development application which was met with general consensus by local government. The sites allows for unlimited height restriction but 30 levels...
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