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Sold on 28 Jan 2021

3 Hill Street Coolangatta QLD 4225

  • Development / Land
  • 7,071 m²
  • Sold

The Greenmount Beach Hotel & Development Site

    Tony Grbcic and Adam Grbcic, from Kollosche, are pleased to present to the market, arguably the best development site opportunity in South East Queensland, if not Australia.

    3 Hill Street, Coolangatta, known as the Greenmount Beach Hotel (The Site), is offered for sale via an Expressions of Interest campaign closing Thursday 17th December 2020.

    Currently occupied by a well established hotel providing a strong holding income. The Site is positioned on the corner of Hill Street, Eden Avenue and Marine Parade, providing three road frontages.

    Situated on an elevated lot, with breath-taking northerly ocean views, the Site also boasts easterly ocean views over Rainbow Bay and Snapper Rocks Beaches, southerly ocean views over the Tweed River and westerly ocean views across Coolangatta and Kirra Beaches.

    This once in a life time development and land banking offering provides the following key attributes;

    - Land size; 7,071 square meters*
    - Occupied by the fully managed and efficiently operated Greenmount Hotel, which is a 10 storey building constructed in the 1970's currently providing a strong holding income.
    - Benefitting from three street frontages (Hill Street, Eden Avenue and Marine Parade)
    - Situated in the High Density Residential Zone which incorporates a 38 metre height limit and RD7 density allowance (1 bedroom per 25m2 of site area)

    Located within a few minutes stroll to Australia's most iconic beaches (Greenmount, Rainbow Bay, Duranbah and Snapper Rocks - home to the Quicksilver Pro). Only 5 minutes drive to the Coolangatta Airport, 20 minutes to Burleigh Heads, 30 minutes to Surfers Paradise and 50 minutes to Byron Bay.

    This is truly the most exciting development opportunity to come available and one which cannot be replaced.

    With such high growth along the Southern Gold Coast and the shortage of both premium sites and quality products, this is a strategic offering which will be sold.

    For more information, please contact the exclusive marketing agents, Tony Grbcic and Adam Grbcic.

    Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

    EXPRESSION OF INTEREST

    Closing date and time17/12/2020 12:00
    Recipient nameAsk Agent
    Delivery addressAsk Agent

    Property Highlights

    Property ID2016662312
    Date Sold28 Jan 2021
    Floor Area10,000 m²
    Land Area7,071 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Category
    Last updated  28 Jan 2021
    Map for 3 Hill Street Coolangatta QLD 4225
    Map for 3 Hill Street Coolangatta QLD 42253 Hill Street Coolangatta QLD 4225
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    Property Highlights

    Property ID2016662312
    Date Sold28 Jan 2021
    Floor Area10,000 m²
    Land Area7,071 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Category
    Last updated  28 Jan 2021
    Kollosche
    12-14 Albert Avenue Broadbeach QLD 4218

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