2380MI - Rare Freehold Motel Investment and Development Site

SOLD

Fantastic development site!
997 m2 only 20 minutes from Surfers and the M1.
Metres from the Broadwater.
Rental income of $148,787 to June 2017.
Large three bedroom residence with two living areas.
Brick construction with tiled roof.
Rooms in very good condition.

Well established motel servicing the northern end of the Gold Coast. It fronts the busy Gold Coast Highway and is close to the Broadwater. It is only 20 minutes to Surfers Paradise and 20 minutes to the M1.

At almost 1,000 m2 the site is large enough for future redevelopment and this is where the real potential lies. It is zoned High Density Residential which allows a building height to 53 metres. At 3m per floor this equates to roughly 17 - 18 levels.

The Gold Coast is booming and this site allows for a developer to receive an income before construction commences.

Annual Rent: $149,426 plus GST

Contact Tony Johnson and Gerard Dixon from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2380MI (quote when enquiring)

Location: Labrador has the best of both worlds, a quiet residential suburb but with trendy cafes and restaurants overlooking the scenic Broadwater. Developments along Marine Parade such as the Aqua building have helped the suburb to evolve into a trendy area known for its waterfront dining. The suburb borders the Broadwater with close proximity to the CBD and is central to everything. The foreshore offers pleasant and peaceful walks for the health conscious. The famous Grand Hotel of yesteryear lives on through the new multi storied high rise of the same name.

Each year the Gold Coast Marathon, which attracts thousands of keen runners, passes through Labrador along Marine Parade.

Price	SOLD
Location	Labrador
Property ID	2380MI
Category	Motel

Quick Links

Confidentiality Agreement

1. Personal Information

Please enter your first name. Please enter your last name.

Please enter your email address.

This is not a valid email. An email must contain the @ symbol.

Please enter your Phone number.

A vaild phone number requires at least 10 digits.

Please enter address.

Please enter suburb.

Please enter postcode.

TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
Centralised Administration 32 - 34 Lamorna Avenue
Beecroft NSW 2119

Ph: 1300 512 566 (International +61 2 9872 9943)
Fax: 1300 571 479 (International +61 2 9872 1464)

Email: sales@tourismbrokers.com.au

Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

To maintain the confidentiality of the information and material made available to me/us, I/we agree as follows;

a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

b) Any copies made of the information and material will only be for the purpose of internal communications and that a system will be instituted to facilitate the recovery of any such copies.

c) To undertake to return all information and material (including any additional copies) toTourism Brokers.

This undertaking shall not apply to information and material that;

a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

b) Was already known to me/us before the date thereof.

c) Is subsequently provided or disclosed to me/us by a third person who has the right to provide or disclose same.

d) Is disclosed by me/us pursuant to any law or order of any court, of any governmental agency or other regulatory body with whose instructions me/us are bound to comply with.

Although I/we understand that Tourism Brokers Pty Ltd, Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers and the Vendor and their Solicitors believe that the material to be provided is accurate to the best of their knowledge, I/we acknowledge that no representation or warranty has been made or given as to the accuracy or completeness of any information or material obtained. I/we agree that neither Tourism Brokers nor the Vendor or their Solicitors have any liability to me/us or any of our advisers or representatives, arising from the selection or use of the information or material by me/us and any associates.