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"Limited Edition short term accommodation - the perfect Management Rights alternative"
69 Queen St, Southport
$3,595,000 (includes freehold)
A quintessential lifestyle and business opportunity in a sun-bleached coastal atmosphere that truly redefines urban living. Arguably the most unique short-term accommodation offering on the Gold Coast
Location: Occupying a coveted position in the Southport Hub - (now regarded as the CBD for the Gold Coast) just north of Surfers Paradise. The residents benefit from a wide range of amenities associated with business, shopping, dining, tourism attractions and a burgeoning residential precinct that overlooks the dazzling Broadwater and Southport Spit - delivering an eclectic mix of city infrastructure and natural beauty.
Property: Purpose built in 2003 as a boarding house and backpackers short term accommodation hostel it consists of 21 rooms spread across 3 levels and includes a two-bedroom managers Unit. A commercial kitchen and dining room create a coffee-house feel for residents and a swimming pool compliments the guest facilities. Extensive basement underground parking for 7 vehicles, plus parking at the rear. Current accommodation for up to 80 guests.
Zoning is PD1 which allows the property to be developed with no height restrictions subject to Council approval. It has unlimited potential in this regard.
Other features: the land is currently on one title. A 723sqm block with two street frontage and the property freehold is included in the purchase price of the business.
Business snapshot: This is a once-in-a-generation opportunity to purchase an extremely well managed business with an established clientele.
•Can be owner operated or professionally managed
•Consistent profitable business - long history available
•Potential for growth and / or development
•Motivated vendor with other business interests
•Quality fixtures and fittings throughout
•Excellent cash flow - great ROI for professional investor
Confidentiality: Interested parties will be asked to sign a non-disclosure agreement. Upon doing so the following information will be provided;
•Financial accounts - profit & loss and balance sheet for the past 3 years
•A building & pest report prepared by a registered builder
Fast facts:
•4 minute walk to the Light Rail Station with links to the main line to Brisbane and Brisbane Airport
•Easy walking distance to the Broadwater, CBD, Australia Fair Shopping Centre, Chinatown, the shops, cafes and restaurants
•Short drive or tram ride to Surfers Paradise and the famous Surfers Paradise beach
Take the first step towards living a life less ordinary now….
Call Brooke McKenzie 0427 575 867
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.
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