222 Pacific Parade 'Aloha Surf', BILINGA, 4225, Queensland

$2,290,000 negotiable
14
14
6

Property Id - HS233084

Dj Stringer Property Services

76 GRIFFITH STREET COOLANGATTA Queensland 4225
View Contact Details
Price
$2,290,000 negotiable
Bedrooms
14
Bathrooms
14
Car Spaces
6
Car Space Type
-
Property Type
Apartment / Warehouse
Dwelling Size
-
Land Size
-

ALOHA SURF OCEAN FRONT MOTEL

Complete complex of 14 Oceanfront motel style studio units

- Permanantly leased with a annual return of over $125,000
- Prime 498m2 with 16m frontage & 31m2 side street
- Zoning RD 6 allowing 3 levels ideal for luxury development
- Managed by DJ Stringer Property Services for several years
- Rent can be increased with cosmetic improvements
- Ideal student accomodation to service new university or convert back to motel
- Great investment for super fund or family syndicate
- Current (UCV) Unimproved Land Value $2,000,000
-Listed to sell at only $2,290,000

More Features

Outdoor Features
view+
Carports 6 Remote Garage -
Outdoor Entertaining Area - Shed -
Balcony - Secure Parking -

Inspection Times

  1. Please contact the agent to make an inspection.

Suburb Statistics

Terms of use

Median House Value: $636,000

Median Unit Value: $432,500

House Median GraphUnit Median Graph
Measurement Houses Units
Median Value $636,000 $432,500
Median Weekly Rent (Gross) $360 $355
Suburb Rental Yields 2.96 % 4.28 %
Annual Number Of Sales 18 20
Average Vendor Discounting 25.54 % 11.02 %
Average Listing Duration 253 days 162 days
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1 Suburb data provided by Residex Pty Ltd
2 Suburb Home Ownership and Population data created by Residex Pty Ltd, using data provided by ABS (2006)