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SOLD
41 Labrador Street, LABRADOR, QLD 4215
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Property Highlights

Entire Freehold Resort Building

You hear of so many "rare and exciting" opportunities on the Gold Coast, but there is nothing as exciting as this one.

This 14 storey, 43 apartment, single title building only 200 metres from the sand presents a number of options for the astute purchaser.

The potential of this property is boundless.

For developers, there is the prospect of refurbishing the apartments, register each one under individual strata-titles and offering each unit for sale (S.T.C.A.).

For an investor, manage a holiday letting business and reap the rewards from a much anticipated post-Covid tourist visitor influx.

For the more traditional residential investor there is a major rental shortage on the Gold Coast, this building is well suited for permeant residential rentals.

And for a hotel operator, refurbish the rooms to increase income with the potential for further development.

The future is the key to this site. Unlock its potential and take full advantage of the location.

• 14 storeys, 43 x (2 & 3 bedroom) apartments on one title

• 200 metres from Broadwater beach

• Entire freehold resort "As is where is"

• Land area: 3,181sqm

About Labrador

Once a quiet holiday suburb, trendy Labrador has experienced major growth and progress over the last 10 years. Lined by the Broadwater and close to the CBD the suburb was established in the 1950s and subsequently has no vacant land. While many of the older 3 storey holiday houses that run alongside the Broadwater are being redeveloped, new and luxurious buildings have risen in the recent years as well as a thriving café precinct.

The future holds much anticipated promise which is demonstrated by the emerging boutiques, bars and restaurants.

EOI CLOSING 10TH MARCH, 2022!

For a copy of the Information Memorandum and access to the Due Diligence Data Room contact the exclusive agents

Lachlan Harris

[email protected]

Andy Chan

[email protected]

Remember to mention you found this property on DevelopmentReady

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