Skip to main content
SearchBack to results

2961 Surfers Paradise Boulevard Surfers Paradise QLD 4217

  • Development / Land
  • 832 m²
  • For Sale, REDUCED! $4,290,000 Negotiable (under offer)

Signature Development Site in the heart of Surfers Paradise, 1 block to the beach!

2961 Surfers Paradise Blvd, Surfers Paradise

TOTAL SITE AREA 832sqm

This signature site offers a rare development opportunity in the heart of Surfers Paradise. The site fronts Surfers Paradise Blvd which leads from Surfers Paradise to Broadbeach. The sunny beaches that make Surfers Paradise famous are only 1 block away and a 2 minute stroll by foot.

Currently a strata titled apartment complex of 8 apartments for letting deriving an annual income of around $158,000* approx with permanent tenants.

The building consists of the following makeup:
Unit 1- First floor Unit - 3BR, 1ba unit - Currently leased with permanent tenant at $400 per week until 06/12/2019
Unit 2 - First floor Unit - 3BR, 1ba unit - Currently leased with permanent tenant at $400 per week until 13/12/2019
Unit 3 - First floor Unit - 2BR, 1ba unit - Currently leased with permanent tenant at $370 per week until 13/02/2020
Unit 4 - First floor Unit - 3BR, 1ba unit - Currently leased with permanent tenant at $400 per week on periodic lease (month to month) Lease expired 31/05/2016
Unit 5 - Second floor Unit - 3BR, 1ba unit - Currently leased with permanent tenant at $400 per week until 05/06/2020
Unit 6 - Second floor Unit - 3BR, 1ba unit - Currently leased with permanent tenant at $400 per week until 25/03/2020
Unit 7 - Second floor Unit - 3BR, 1ba unit - Currently leased with permanent tenant at $400 per week until 28/01/2020
Unit 8 - Second floor Unit - 2BR, 1ba unit - Currently leased with permanent tenant at $370 per week until 12/06/2020
Unit 9 - Ground floor Managers Unit - 2BR, 1ba unit - Currently leased with permanent care taker

Currently generating $158,080 p.a in permanent gross rental income per year.

The Main 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 allow for unlimited height restriction but 30 levels is Code Assessable whilst higher would be Impact Assessable.

The location sits at the Broadbeach end of Surfers Paradise and has light rail at its' doorstep and is conveniently proximate to Surfers Paradise Centre, Surfers Beachfront, Broadbeach, Jupiter's Casino, The Gold Coast Convention Centre & Pacific Fair to name a few.

Excellent holding income and suitability for a high rise development create an opportunity for developers to acquire this site by way of Private Treaty Campaign.

PLEASE CONTACT AGENTS FOR FURTHER INFORMATION OR TO OBTAIN EXPRESSION OF INTEREST DOCUMENTATION TO SUBMIT YOUR INTEREST

For further information or to arrange an inspection please contact Brad Scott or Wayne Haase.

We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

* denotes approximate measurements

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015354636
Floor Area949 m²
Land Area832 m²
Parking8 x Onsite parkings
Building TypeWhole building
Annual Return3%
AvailabilityTenanted
Category
Last updated  3 Feb 2020
Map for 2961 Surfers Paradise Boulevard Surfers Paradise QLD 4217
Map for 2961 Surfers Paradise Boulevard Surfers Paradise QLD 42172961 Surfers Paradise Boulevard Surfers Paradise QLD 4217
  • Commercial loan calculator
  • powered by

    Valiant

Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.

  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Our partners at Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Smart Real Estate
Po Box 4528 Ashmore Plaza Ashmore QLD 4214

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

More Development / Land for Sale in Surfers Paradise QLD

3 Beach Road Surfers Paradise QLD 4217
For Sale$3,950,000
3 beach road,surfers paradise, QLD 4217
769 m²
Development / Land
103 Ferny Avenue Surfers Paradise QLD 4217
For SaleInternational EOI closing 28 July 2020 5pm
103 ferny avenue,surfers paradise, QLD 4217
1.15 ha
Development / Land
38 Cavill Avenue Surfers Paradise QLD 4217
Commercial Auction
38 cavill avenue,surfers paradise, QLD 4217
2,600 m²
Development / Land

Inspections are still happening

Contact Agent