This existing two level motel comprises 11 rooms, each with its own bathroom and including a generous manager’s apartment. Communal laundry, amenities room off-street parking for 9 cars and double lock-up garage, barbecue area and gardens.

Rarely properties present offering such incredible investment and massive redevelopment potential.

It’s your choice, develop multi-level apartment building, utilise the existing apartments or possibly bring the world to your doorstep with international backpackers. It is perfect for someone wanting to live in and manage with the Gold Coast’s best beaches and the multitude of surrounding activities that the Burleigh area provides ensuring demand.

A conservative estimate letting 11 rooms at $300 per week would return around $188,760 annually. 1.4 million at 5% lend would come to to $70,000 per year. Currently Gold Coast Backpackers charge around $30 per person for a bed in a four room dorm. That equates to a return of $436,800 per annum at full occupancy. Working at an achievable 70% occupancy a return of $300,000 yearly could be expected.

Features Include:
* 11 rooms, each with one bathroom
* Separate Manager’s Apartment
* Communal laundry
* Double lock-up garage
* 9 off-street parking spaces
* Lovely barbecue and entertainment area
* Situated just metres away from Burleigh’s beautiful beaches, cafes, restaurants, shops and other major amenities

THIS SENSATIONAL PROPERTY IS BURSTING WITH POSSIBILITY! THE ONLY THING MISSING IS YOU.

Think 2013, Think Big, Think Burleigh