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SOLD

58-62 Miller Street, Bargara, QLD, 4670

Properties / Sold / Queensland / Bargara

Development Potential

1. Property Summary

Property Type

Residential

Sub Type

Apartment Sites

Land Area

3,940 m² (*approx)

Selling Method

EOI: Closing 29/11/2018 13:00:00

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2. Property Highlights

DON PANCHO BEACH RESORT, BARGARA

Expressions of Interest: Closing 29/11/2018 13:00:00

CBRE Hotels is pleased to present the opportunity to acquire Don Pancho Beach Resort, located at the gateway to the Southern Great Barrier Reef, on the Coral Coast of Queensland in Bargara, a seaside town 14km* east of Bundaberg.

Key investment considerations include:

Freehold 3,940sqm* beachfront site in Bargara, with a frontage to Kellys Beach, and opposite the Bargara Golf Club.
3.5 star rated multi-level Mediterranean styled resort complex comprising 44 self-contained units (including a 2-bedroom manager’s residence), restaurant, conference room, undercover car parking, swimming pool, BBQ area, and halfcourt tennis court.
Significant value-add opportunity for owner operators and developers alike.
Genuine scarcity of quality beachfront redevelopment sites in the area.
Opportunity for an incoming owner to create their own dream, through renovating and repositioning the existing product or redeveloping the large footprint and establishing a new plan with modern beachfront villas (STCA).

*all figures are approx, and outlines indicative only. Any renders are artists impressions only and plans are STCA

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