2429 Gold Coast Highway, Mermaid Beach, QLD, 4218

SoldNov 12, 2023

Amount undisclosed

817 sq.

Other

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30+ days on the market

Sold: Nov 12, 2023

What's around 2429 Gold Coast Highway

For Sale Motivated Vendor Says "SELL" The "Classic Motel' 300m From Millionaires Row Hedges Avenue Mermaid Beach

We are excited to offer for sale this great going concern motel ideally located in the absolute prime location of Mermaid Beach, this 817m2 allotment is perfect to build commercial on the ground with apartments above! The Classic Motel provides a current holding income and scope to create a boutique development in a highly sought-after location. Savvy investors and developers will recognise the opportunity the 817m2 parcel of land the motel sits on presents. Enquire now this property will be sold, contact us today for more information. - Operating Motel / Holding Income - 817sqm Corner Site - Zoned Medium Density RD5 - Building Height (3/15m) - 1 x 2 level, 8 Units - 3-bedroom Managers Unit - Including Managers Office/ Reception - Close proximity to Shops, Cafés and Restaurants - Swimming Pool - Current Rent from Lease: $114,300 PA - Freehold investment with low outgoings - Ability to exit lease with 3-month notice period - Prominent, highly visible main road location with easy direct access - Close proximity to Shops, Cafés and Restaurants Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here.

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Seller's review

over 2 years ago

Verified Review

Great agent and great result !

Paulette was a pleasure to work with, she kept us up to date throughout the sale process. Very professional and easy to work with, no stress just good communication !

Seller