FULL DESCRIPTION
If you are looking for cash flow this property in a prime location where you can walk to beach and Esplanade, plus with the added bonus of development and business opportunities now and into the future…this is an outstanding and unique offering!
A character-filled Queensland style property, which has recently been upgraded for 33 permanent residents. The 900m2 building is complete with 27 bedrooms – 11 of them ensuited, separate lounge areas, commercial kitchen plus cold room, outdoor kitchen, kitchenette, reception area plus office, large laundry, pergola and alfresco entertaining areas, storage rooms, and inground pool.
Features include high ceilings, Satinay timber floors, original windows, timber fretwork, ornate ceilings and VJ walls; an inventory of furniture and equipment is available on request, kitchen and laundry equipment, ceiling fans and air-conditioning + more…
Located on an elevated 2613m2 corner block with three street access and frontage, just footsteps to the beach, the water park, and the Esplanade, with an adjoining 613m2 block on a separate title also included in parcel – this truly is a shining example of ‘location, location, location’.
Opportunity, Location, Timing, Lifestyle – Exceptional!
• 2613m2 corner block + 613m2 adjoining block (sep title)
• 3 street frontages in the CBD, 900m2 building
• 27 bedrooms, 11 ensuites, office, reception area, storage
• Commercial kitchen, cold room, kitchenettes, bar areas
• alfresco entertaining, i/g pool
• Former uses include backpackers’ hostel & restaurant for 64 beds
• Variety of possible uses with and without council approval
• Very real development potential now & in future of 6 stories
• Walk to beach, Esplanade, & water park with cafe
• Prime exposure, central location, superb lifestyle change
• Popular tourist destination famous for whale watching
• Gateway to Fraser Island & Great Barrier Reef
• Potential uses to explore – combine lifestyle with income
• Inventory available, licensed for permanent residents
# Accreditation for 33 residents
# Government Guaranteed income
#Great cash flow business huge net returns, easy run by husband and wife or fully managed.
This Commercial/Residential Development Site that can go up to 6 Story right on the beach and in the heart of CBD. The property is on two titles with a total of 2,613 square meter, with a beautiful old Queensland style building that is fully government licensed for 33 permanent residents and the Government Guaranteed income two weeks in advance. This property ticks all the boxes and has a great holding income manage. Husband and wife team potential net $450k.
Will do a deal on this property with a trade for another property house, units, farm, land and 50% cash.
Do not hesitate to contact us.

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Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein.