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Hotel/Leisure

26-28 Peninsular Drive Surfers Paradise, QLD 4217

Sold for $3,900,000 on 23 Mar 2019
  • Building: 650m²
  • Land: 1,016m²
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Hotel/Leisure in Surfers Paradise

10YR + 5YR + 5YR LEASE SURFERS PARADISE INVESTMENT FANTASTIC FUTURE DEVELOPMENT SITE

  • Building: 650m²
  • Land: 1,016m²
Additional Information:
Video
  • Net Income $288,000*p.a. (3% increase)
  • Leased until December 2028 with 2 x 5yr options
  • Demolition clause in place for future development
  • Tenant pays all outgoings
  • Land area 1,016*m2 with 36*m2 of street frontage
  • Operated as one of the Gold Coast's most successful backpacker resorts for over 20 years
  • Walk to Surfers Paradise Beach
  • Walking distance to cafes, restaurants, shops, G-Link & Surfers Paradise CBD
  • Owners determined to sell
Building:

650m²

Land:

1,016m² / 0.25 acres

Additional Information:
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Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

26-28 Peninsular Drive, Surfers Paradise, QLD 4217