Block of Units for sale

61 Golden Four Drive,

Bilinga, QLD

16 15 5
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Must be SOLD - $5,875 Per Week Income & Development Potential

Searching for a site on Golden Four Drive that is in a superb location and has excellent development opportunities attached to it (STCA)? This site also has the opportunity to be purchased with the site behind it - 59A Golden Four Drive - 602m2 currently receiving $1100 per week in rent and 63 Golden Four Drive - 675m2 achieving $3,500 per week in rent while 61 Golden Four Drive - 410m2 is achieving $1275 per week in rent. Contact me to receive a comprehensive Information Memorandum regarding both sites.

61 Golden Four Drive is a block of 3 units that are Strata Titled. 2 x 1 bedroom units and 1 x 2 bedroom unit. All 3 units are currently tenanted and returning $1200 per week in rent. Also all 3 "Double Garages" are being let out for storage at $25 each per week ($75 per week in total) Total Return is $1275 per week for this site.

63 Golden Four Drive is a 10 unit Motel with separate managers unit and 8 parking spaces. Operating at 85% occupancy rate. Can operate as permanent accommodation achieving *$3,500 per week.

The sites provide the opportunity to hold and generate income or re-develop. 61 Golden Four Drive also gives you the potential to build a fourth unit downstairs (STCA).

Features attached 61 Golden Four Drive include.....

- 410 m2 - Residential density of RD6 or 1 bedroom per 33m2 of site area. There is a maximum building height of 23 meters which is the equivalent to 7 or 8 stories - Subject to Council Approval. Further detail provided in the Information Memorandum.
- Two of the three units have been updated with new kitchens, bathrooms and beautifully polished floors. The third unit is not renovated but is very neat and tidy.
- One of the three units has its own courtyard, while another one of the units has a balcony
- All three units are being SOLD FURNISHED

Features attached to 59A Golden Four Drive....
- 602m2 block - Currently a 4 bedroom house with separate upstairs and downstairs living...perfect for a large family or the avid investor
- Upstairs has 2 bedrooms, bathroom, living area, kitchen and very large balcony
- Downstairs has 2 bedrooms with a shared bathroom. Each bedrooms has it's own living space. One of the bedrooms has full kitchen the other bedroom has a kitchenette
- The entire house is made out of brick and tile

Features attached 63 Golden Four Drive include....
- 675m2 block - currently 'Golden Shores Airport Motel', freehold motel property zoned Residential D.
- Motel operating at 85% occupancy rate.
- All units are air-conditioned. Motel offers 8 parking spaces

The site itself....
- Outstanding beachside location in one of the most up and coming precincts on the Gold Coast
- Walking distance to the Southern Cross University and the Gold Coast International Airport. Also only a 5 minute drive to the John Flynn Hospital.
- Brilliant location in regards to lifestyle with some of the Gold Coasts best beaches within walking distance. Only a few minutes drive you have access to a multitude of cafes, restaurants and amenities. There is an an amazing opportunity attached to this Golden Four Drive development site surrounding lifestyle, retail, education, health, commerce and tourism.
- Very easy access to the M1 for quick and easy travel to Brisbane and the Northern NSW region

Contact Ross Lukin on 0419 555 022 for complete Information Memorandum.

*approximate figures only.
We have in preparing this information used our best endeavors 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 should make their own enquirers to verify the information contained herein.
Last updated: 03:36AM on Jan 23rd 2018
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Shop 14, 90-104 Surf Parade
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