1026 Gold Coast Highway andamp; 96 Sarawak Avenue, PALM BEACH QLD 4221
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- Hotel / Leisure
- Floor area:
- 22 x Onsite parking
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- NABERS energy rating
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- 1 Dec 2016
Motel and 4x Apartments in One Line
Located at the Southern end of Palm Beach are these two properties being offered for sale in one line.
Included is an 18 room Motel on 1194m2 of land plus 4 strata titled 2 x bedroom units on 526m2 land.
- Fully operating 18 x room motel with reception and 2 bedroom managers residence.
- Full brick / suspended slab construction
- 4 brick veneer 2 x bedroom apartments currently set up for holiday letting
- All fully furnished and air-conditioned
- Total land area of 1720m2
- Providing a substantial income
The property is located on the Gold Coast Highway at the Southern end of Palm Beach within easy walking distance to beautiful beaches, parks, clubs, restaurants, cafes, Currumbin estuary and Palm Beach Currumbin High School. Public transport is at the doorstep providing easy access to schools, shopping, theme parks, hospitals and the Gold Coast Airport.
The 'Gold Coast' lifestyle is definitely on offer with the combination of a substantial property, in an excellent location providing a generous income.
The current owner has owned and operated the property for 21 years and it is now time for a change.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
1026 Gold Coast Highway andamp; 96...