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Sold Hotel/Leisure found in GOLD COAST (REGIONAL), QLD

FULLY LEASED RETAIL CENTRE IN CENTRAL LOCATION WITH LONG LEA...

Investment | Retail | Hotel/Leisure

-Net income $347,629.00 p.a.* (fully leased)
-Major tenancy leased until 2026 plus 2 x 10 yr options (2046)
-Two adjoining retail shops on good leases with options
-Located on high volume traffic road with easy access
-3,548m2* of land area with 44* on-site carparks
-Strategically positioned next to BP service station and across the road from Mc Donalds
-Great central Gold Coast location with major tenancy operating for over 20 years
-Owners serious about selling, Don't miss this fantastic opportunity!
The property represents a fantastic opportunity to purchase a significant landholding with three well-known tenants. With a nett income of $347,629.10, 10-16 Merrilaine Crescent is secured by three long leases to quality tenants. Counter Cafe and Eatery is a trendy cafe with a stylish decor serving an abundance of excellent produce and ingredients, run by seasoned professionals in the hospitality industry. Big Fella's Pizza is famous around the city for their generous serving sizes and gourmet pizzas. Merri-mac Tavern serves delicious fresh meals and refreshing drinks. Their friendly staff are on hand to provide an excellent atmosphere to wind down after work with friends or to simply enjoy the weekend. The successful purchaser would be joining an array of investors in the immediate area, with McDonald's across the road and BP directly next door.
Merrimac is situated neatly between both Carrara to the north and Robina to the south. Carrara is home to Metricon Stadium, Royal Pines and Emerald Lakes Golf Clubs. Robina is known as being the alternative CBD to Southport and contains Cbus Stadium and the Robina Town Shopping Centre. Merrimac has the Palm Meadows and Lakelands Golf Course, and driving east along Gooding Drive will lead straight to Broadbeach and Pacific Fair- Queensland's largest shopping centre.
10-16 Merrilaine Crescent has direct access to main roads. Gooding Drive heads east to the coast and connects with the M1 Motorway to the west.
AUCTION
27 July 2017 @ 11am
VENUE
Gold Coast Turf Club, Racecourse Drive, Bundall

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Sale Price: Contact Agent    Building: 1233m²    Land: 3548m²

GOLD COAST BACKPACKERS - FREEHOLD & BUSINESS SALE

Hotel/Leisure

24 ensuite rooms plus two bedroom manager's residence
3 level building over basement
12 secure car parks plus 2 on the side parking
Bar and large outdoor area with BBQ
Commercial kitchen with separate dining area
Prime location - opposite landmark Q1 Building
250 meters to world famous beaches
698 sqm site of High Density Residential zoning
Building
Homely and stylish, Gold Coast Backpackers is a purpose built backpackers which features everything for your relaxed and comfortable stay with a variety of dorms at a budget price. The three storey building consists of 24 motel rooms plus two bedroom manager's residence. Each room has its own bathroom and private balconies. It has a fully licensed bar so guest can relax and enjoy in all around the common areas or play a friendly game of pool with fellow travellers or cook up a BBQ out on the large terrace. Also an opportunity to provide meals with a large commercial kitchen.
There is a secured basement parking for 12 cars and 2 more spaces on the side of the building.
Location
The property is located to the south of the Q1 Resort and Spa and is just 250 metres from the world famous sandy beaches where visitors can whether swim, surf or just simply relax, do the Sky Point climb on Australias highest external building; the iconic Q1, shop at the magnificent Cavill Avenue or dance the night away in the stylish pubs, clubs and lounge bars of Surfers Paradise.
Gold Coast Backpackers is also 5 minutes drive from Jupiters Casino and Gold Coast Airport is a 25-minute drive away.
Opportunity
This is an excellent opportunity for an investor to own this unique freehold property and enjoy attractive income plus potential for future redevelopment. Although the current High Density Residential zoning allows building height of up to 30 storeys, the subject property is limited to a 10 storey development as it is constrained by the land size, unless amalgamation with the neighbouring corner site.

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Sale Price: Contact Agent    Building: 580m²    Land: 698m²    Occupancy: Vacant

EXCEPTIONAL OWNER OCCUPIER OPPORTUNITY NEXT TO THE 4217

Offices | Hotel/Leisure

* 75 sqm with private internal toilet and shower
* Amazing location with secure car park with 1 car space
* Walking distance to retail shopping and restaurants
* Buy to occupy or lease out as an investment with over 85% occupancy rate
* Situated on the backend of Bruce Bishop car park
* Great view over to Bruce Bishop park plenty of greenery
*approx.
Please contact the listing agent for more details by clicking on the link above.
Disclaimer:
Ray White 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 Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

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Sale Price: $250,000    Building: 75m²    Occupancy: Vacant

OUR SELLER'S CIRCUMSTANCES FORCES SALE - SOLD PRIOR

Retail | Hotel/Leisure

* Will be sold for a fraction of replacement cost
* Iconic Hinterland tourist destination
* Potential for multiple income streams
* Potential sub-division upside (STCA)
* 4 bedroom homestead, restaurant, cellar door, manufacturing warehouse
* Situated on 15.52* acres of land, 30 mins from Southport CBD
* Make an offer, this must be sold
*approx.
For further information, please contact the exclusive listing agent for more details by clicking on the link above.
Disclaimer:
Ray White 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 Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

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Sale Price: $1,052,000    Building: 1500m²    Land: 15.52m²    Occupancy: Vacant

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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