commercial property for sale, developers site,
hostel for sale, gold coast, queensland

This business is being marketed by a colleague of ours

INVESTORS and DEVELOPERS take note!!

1443M2 block of land, two road frontages, walk to Australia Fair Shopping Centre, CBD, Griffith Uni Hospital, Gold Coast Hospital, Broadwater etc PRIME POSITION!!

Current use
The site has two well presented main buildings which are currently used as a Men’s’ hostel. Fully Managed with onsite personnel, the business returns a net trading profit of near $200,000pa to the passive owner.

Redevelopment
High Density living, the site can be redeveloped to contain a 15 storey building containing mixed use of medical, offices and residential – 28 x 2 bedroom apartments.

Vendor Finance / Terms
The owner is prepared to offer $1.5M of finance, bank interest, interest only or P & I repayments for up to 5 years. The owner is even prepared to convert the vendor finance at settlement for unit purchases!

Trades
Realistically priced trades will be considered