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Backpackers with Development Potential
LOCATION:Australia - QLD
A long-running Surfers Paradise backpackers’ hostel on three blocks zoned for high-rise development
Backpackers in Paradise occupies 1,546 sqm site with dual street frontage to Leonard Avenue.
the site comprised three lots and offered two street frontages, with views over Main River to the north,
and would suit a boutique development while providing the owner with immediate holding income
through the hostel. The site currently accommodates a popular 200-bed backpackers’ resort
accommodation. It is zoned for high-density residential development under the Gold Coast City Town
Plan, and also sits within the ‘HX’ height overlay allowing for virtually unlimited height potential.
Purchase Price $7m and the vendor will accept other property as part payment.
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