42 Nerang Street,
Southport, QLD 4215
Hotel, Motel & Leisure • Shops & Retail • Offices
Price information
Sale - Expression of Interest
For Sale - EOI Closing 29th March 2024
Detailed listing
Key property information
Land area
Floor area
Car spaces
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$923,000
Number of Tenants
9 Tenants
Tenants / Type
ALH
Private inspections
to arrange a private inspection.
Ray White - Metro North
4/337 Sandgate RdALBION, QLD 4010
42 Nerang Street
Southport, QLD 4215
Detailed listing
Map of 42 Nerang Street
Tram stops within 5 km of 42 Nerang Street, Southport, QLD 4215 Distance Nerang Street 598 m Southport Depot 2.2 km Gold Coast University Hospital 3.4 km Cavill Avenue 4 km Parkwood East 4.8 km POWERED BY HERE ©Bus stops within 5 km of 42 Nerang Street, Southport, QLD 4215 Distance Southport 71 m Scarborough St at Marshall Lane 306 m Scarborough St at White Street 310 m Nind St Near Davenport St 435 m Queen St at Garden Street 492 m POWERED BY HERE ©
POWERED BY HERE ©
Landmark Trophy Investment | The Cecil Hotel
- Sale due to Ill Health
- Net Income $923,000 approx
- Fully leased & anchored by entity on ASX
The Cecil Hotel is an quality asset and should tick all the boxes for your next investment.
• Strong ASX listed anchor tenant underwriting nearly 70% of the income stream
• Current Net income approx $923,000
• Value underwritten by approx. $12 million in pokies authorities
• Future development upside to convert this two-storey building into a multi storey mixed use mega structure
• Prime corner location in the heart of a priority development area
• Located in the second largest city in Queensland
• New Roof and maintained building
• Fully Leased with a mixed use of tenants to ensure income diversity
• Growing catchment area
• Rapid and easy access to public transport (rail and bus)
When coupled with the owner's motivation to sell (ill / aging health), we are confident in receiving multiple offers so act swiftly or risk missing out.
We have endeavoured to include as comprehensive a due diligence package as possible however if you have any queries, please don't hesitate to contact us.
• Strong ASX listed anchor tenant underwriting nearly 70% of the income stream
• Current Net income approx $923,000
• Value underwritten by approx. $12 million in pokies authorities
• Future development upside to convert this two-storey building into a multi storey mixed use mega structure
• Prime corner location in the heart of a priority development area
• Located in the second largest city in Queensland
• New Roof and maintained building
• Fully Leased with a mixed use of tenants to ensure income diversity
• Growing catchment area
• Rapid and easy access to public transport (rail and bus)
When coupled with the owner's motivation to sell (ill / aging health), we are confident in receiving multiple offers so act swiftly or risk missing out.
We have endeavoured to include as comprehensive a due diligence package as possible however if you have any queries, please don't hesitate to contact us.
Additional information
External websites
Property ID: 504527612Last Updated: 6 Mar 2024
Ray White - Metro North4/337 Sandgate Rd
ALBION, QLD 4010
ALBION, QLD 4010
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