40 Peninsular Drive, Surfers Paradise, QLD, 4217

Development Potential
Highrise Re-development opportunity with operating backpackers - Surfers Paradise

Auction Location: In Rooms at Gold Coast Art Centre.

This rare opportunity to purchase a highrise development site consisting of three blocks in the heart of Surfers Paradise. Currently used as a backpackers, this site is just 300m from Cavill Avenue and 600m from Surfers Paradise Beach.

The L-shaped site has a 36 metre frontage to Leonard Avenue and an 18 metre frontage to Peninsular Drive. The Gold Coast has always been a tourist destination but its rapidly increasing permanent population reflects an increasing trend of discerning owner occupiers moving to the region, attracted by its climate, lifestyle and facilities. This site lends itself to both markets due to its prime location.

Investment Features Include:
- 1,546m2 Approx site area
- Option for a lease, owner occupier or vacant possession on settlement
- Zoned for high-rise with an unlimited height limit
- Two street frontages with North facing views over the Main River
- Development sites with a temporary cash-flow are limited
- Backpacker business is 35 years old and holds a liquor licence
- Genuine and motivated seller

For Sale via Public Auction on Wednesday the 26th May at 5pm at Gold Coast Art Centre.

Contact Jamie Bourke on 0417 077 277 or Simon Robertson on 0449 951 772 for all enquiries.

Disclaimer: BOURKE Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Limited Interest Pty Ltd ATF FNC Trust t/a BOURKE Commercial toward the recipient with regard to the use of this information and all information given is given without responsibility.

Remember to mention you found this property on DevelopmentReady.com.au

Wednesday 26 May, 5:00pm
Property Area
1546 m² (*approx)
Property Type
Commercial, Residential, Apartment Sites, Hotel Sites, Apartment Sites, Hotel Sites
Development Potential
Zoned for high-rise with an unlimited height limit

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40 Peninsular Drive, Surfers Paradise, QLD, 4217

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