Block of Units - Development Upside

Block of Units - Development Upside

31A Peninsular Drive, Surfers Paradise - 6 Units Entire Block of Units

Unit owners in this multi-unit block property have collectively agreed to combine their properties to form a single lot and offer the buildings and freehold land for sale in one line.

Freehold waterfront parcel 720m2 land size with high rise density zoning.

Unit 1,2,4 and 5 tenanted lease expired periodic

Unit 3 owner occupied

Unit 6 vacant

Opportunity for the new owner to renew leases at the market rate with most leases expired on periodic.

Market rent appraisal fully tenanted approx. $2,700 per week; annual market rent estimated at $140,400 per annum.

Walking distance to the vibrant Surfers Paradise cafe/dining scene, Paradise Centre shopping and high street retail precinct, and the world-famous Surfers Paradise beach, surrounded by excellent amenities, GLINK light rail service and multiple public transport options.

This waterfront property is a rare investment opportunity - one to be proud to own. Don't delay as quality real estate investments of this kind offer fantastic upside and are tightly held.

Centrally located in the heart of Australia's top tourist destination, Queensland's Surfers Paradise.

Agents: Kristoffer Sonter 0410 082 283 and Chris Bouwer 0488 191 788