Prime Freehold Development Site + Holding Income

PRIME FREEHOLD DEVELOPMENT SITE + HOLDING INCOME

Freehold Motel Investment and Development Site located on the beach side of Gold Coast Highway.

Browns on Broadbeach is set on a large 2,286* m2 block of land on the Gold Coast Highway, Mermaid Beach. Just 400 metres* from the beach and 14-minute walk to the heart of Broadbeach where you have an array of cafés, restaurants, specialty stores and Woolworths.

There are 20 income producing motel rooms with tea/coffee facilities, TV, microwave, bar fridge and air-conditioning on request.

Strong holding income allows multiple commercial options, including maintaining current business, commercial & retail redevelopment, and multi-level residential construction. Development opportunities like this one only come up once in a generation, so do not delay and contact us now.

* 20 spacious motel rooms
* Swimming Pool
* Walking distance to shops and café
* Less than 15 minutes' walk to the centre of Broadbeach
* 5 Minutes* walk to Gold Coast beaches
* 2 Minutes* walk from Broadbeach Tram Station
* Opposite major shopping centre Pacific Fair
* Annual income potential 20/21 - $395,200 per annum based on 100% occupancy
* 20 cars space and self-service laundry
* Potential building concepts available upon requests (subject to council approval)

*Denotes approx

Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.