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8-10 Acacia and 25 & 27 Oak Avenues Surfers Paradise QLD 4217

  • Development / Land
  • 2,129 m²
  • For Sale, Price Upon Application

NEW INTERNATIONAL HOTEL INVESTMENT OPPORTUNITY

With a shortage of new hotel accommodation on the Gold Coast and vacant land near the beach, this development site offers a solution and opportunity to own a new hotel in Australia's No1 tourist destination or if preferable to build a residential high-rise.

- 2,129m2
- Prime location hotel opportunity - with MOU in place from an International Hotel Operator
- High level cost estimate available for 200 key hotel over 20 levels from tier one builder
- Existing Council Approved DA for 211 apartments over 45 levels with 220 car parks - demonstrates significant building envelope
- Prime 4 blocks of land can also be used for other development options such as an alternative apartment building, a resort complex, residential houses or duplexes
- Current property consists of 12 units with solid income stream
- Two street frontages - Acacia and Oak Avenues
- Light Rail Station 350m away
- Beach 420m away
- Located beside the renowned Marriott Resort & Spa
- Growing confidence in hotel market on the Gold Coast
- Major infrastructure projects are driving tourism growth

Current expansions are underway at Brisbane and Gold Coast Airports, Light rail extensions, motorway and road upgrades, new sporting facilities and an ever increasing number of international events to be held on the Gold Coast.

OPTIONS:

1. Buy the site outright
2. JV partnership with Land Owner and Tier One Builder

For further information, please contact Laura Langford on 0449 993 114 or Roland Evans on 0433 335 507.

Property Highlights

Property ID2015380927
Floor AreaAsk Agent
Land Area2,129 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  10 Sep 2019
Map for 8-10 Acacia and 25 & 27 Oak Avenues Surfers Paradise QLD 4217
Canford Estate Agents Pty Ltd
68 Thomas Drive Chevron Island QLD 4217

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