24 ensuite rooms plus two bedroom manager's residence
3 level building over basement
12 secure car parks plus 2 on the side parking
Bar & large outdoor area with BBQ
Commercial kitchen with separate dining area
Prime location - opposite landmark Q1 Building
250 meters to world famous beaches
698 sqm site of High Density Residential zoning

Building
Homely & stylish, Gold Coast Backpackers is a purpose built backpackers which features everything for your relaxed and comfortable stay with a variety of dorms at a budget price. The three storey building consists of 24 motel rooms plus two bedroom manager's residence. Each room has its own bathroom and private balconies. It has a fully licensed bar so guest can relax and enjoy in all around the common areas or play a friendly game of pool with fellow travellers or cook up a BBQ out on the large terrace. Also an opportunity to provide meals with a large commercial kitchen.

There is a secured basement parking for 12 cars and 2 more spaces on the side of the building.

Location
The property is located to the south of the Q1 Resort and Spa and is just 250 metres from the world famous sandy beaches where visitors can whether swim, surf or just simply relax, do the Sky Point climb on Australias highest external building; the iconic Q1, shop at the magnificent Cavill Avenue or dance the night away in the stylish pubs, clubs and lounge bars of Surfers Paradise.

Gold Coast Backpackers is also 5 minutes drive from Jupiters Casino and Gold Coast Airport is a 25-minute drive away.

Opportunity

This is an excellent opportunity for an investor to own this unique freehold property and enjoy attractive income plus potential for future redevelopment. Although the current High Density Residential zoning allows building height of up to 30 storeys, the subject property is limited to a 10 storey development as it is constrained by the land size, unless amalgamation with the neighbouring corner site.