26-28 Peninsular Drive, Surfers Paradise, QLD 4217

Investment | Hotel/Leisure

Sold $3,500,000

  • Property ID: 274457
  • Floor Area: 650m²
  • Land Area: 1016m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 16/11/2017 650m2 1016m2 $3,900,000
Sold N/A 650m2 1016m2 N/A
10YR + 5YR + 5YR LEASE ?SURFERS PARADISE INVESTMENT ? FANTASTIC FUTURE DEVELOPMENT SITE

* Net Income $288,000*p.a. (3% increase)
* Leased until December 2028 with 2 x 5yr options
* Demolition clause in place for future development
* Tenant pays all outgoings
* Land area 1,016*m2 with 36*m2 of street frontage
* Operated as one of the Gold Coast's most successful backpacker resorts for over 20 years
* Walk to Surfers Paradise Beach
* Walking distance to cafes, restaurants, shops, G-Link & Surfers Paradise CBD
* Owners determined to sell

Surfers Paradise Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $8019 $638 7.96%
Industrial --- $184 ---
Offices $4706 $527 11.20%
This is the average advertised price, rent and yield for Surfers Paradise, QLD 4217*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Ray White Commercial Gold Coast

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 26-28 Peninsular Drive, Surfers Paradise, QLD 4217. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 26-28 Peninsular Drive, Surfers Paradise, QLD 4217. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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