EXISTING SHORT TERM ACCOMMODATION WITH DEVELOPMENT UPSIDE

Details

An opportunity exists to purchase a short term accommodation block with a solid income and development potential in the Southport CBD Precinct.

– Land Area: 723sqm*
– G.F.A.: 1,102sqm*
– Current gross return at $370,000 per annum*
– 22 Bedrooms including manager’s residence
– Built approximately 15 years ago
– Recently painted and furniture upgraded
– Fully Furnished, well proportioned bedrooms, shared bathrooms, comfortable common areas, terraces front and back separate laundry, WC, undercover secure car parking, wheel chair access, swimming pool
– Two street frontages
– Sold as a Going Concern – GST Exempt
– Located in the Southport PDA, specifically the uncapped height restrictions of the CBD areas
– Ability to operate a restaurant
– The site is a north south orientation, approximately 250 metres to The Broadwater and 80 metres to the Light Rail Station and an 8 minute walk to Australia Fair Shopping Centre

For further information, please contact the agents.