2429 Gold Coast Highway, Mermaid Beach
Leisure
High-Exposure Freehold Motel Premium Corner Block Mermaid Beach
High-Exposure Freehold Motel – Secure Coastal Landholding
A rare opportunity to acquire one of Mermaid Beach's most prominent freehold motel sites - The Classic Motel - a high-profile corner property with exceptional exposure along the Gold Coast Highway.
Located only moments from prestigious Hedges Avenue ("Millionaires' Row"), this 817m² freehold parcel offers an outstanding coastal landbank with strong future redevelopment and repositioning potential (STCA).
The property is currently operated under an existing lease agreement, providing holding income while offering significant scope for improvement, future value-add, or redevelopment. This allows incoming purchasers to strategically plan for their long-term vision for the site.
With dual frontage to William Street and the Gold Coast Highway, this high-visibility location is positioned within a tightly held, high-demand Gold Coast corridor benefitting from major infrastructure, including the Stage 3 Light Rail extension nearing completion.
For further details or to request the Information Memorandum, please contact:
Paulette Koriacos – 0456 778 678
PROPERTY HIGHLIGHTS
• Freehold motel asset comprising 8 self-contained units
• Existing lease agreement in place providing holding income
• Two-level, three-bedroom manager's residence with office/reception
• Land area: 817m² | Building area: 535m² | Frontage: 59m*
• Zoning: Medium Density Residential (RD5)
• On-site facilities include swimming pool and off-street parking
• Prominent dual frontage to William Street and the Gold Coast Highway
DEVELOPMENT & VALUE-ADD POTENTIAL (STCA)
• Ideal for boutique mixed-use redevelopment, townhouse project, or future repositioning
• High-exposure corner site in a tightly held coastal growth precinct
• Holding income allows flexibility for purchaser planning and timing
• Strong demand from developers, investors, and landbank buyers
LOCATION ADVANTAGES
• Centrally positioned between Broadbeach and Burleigh Heads
• Approx. 300m to Mermaid Beach and Hedges Avenue
• Walking distance to cafés, retail, and dining
• Adjacent to the future Light Rail station
• 20 minutes to Gold Coast Airport
Disclaimer: The above information has not been verified. We advise you to confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccuracies supplied here.
A rare opportunity to acquire one of Mermaid Beach's most prominent freehold motel sites - The Classic Motel - a high-profile corner property with exceptional exposure along the Gold Coast Highway.
Located only moments from prestigious Hedges Avenue ("Millionaires' Row"), this 817m² freehold parcel offers an outstanding coastal landbank with strong future redevelopment and repositioning potential (STCA).
The property is currently operated under an existing lease agreement, providing holding income while offering significant scope for improvement, future value-add, or redevelopment. This allows incoming purchasers to strategically plan for their long-term vision for the site.
With dual frontage to William Street and the Gold Coast Highway, this high-visibility location is positioned within a tightly held, high-demand Gold Coast corridor benefitting from major infrastructure, including the Stage 3 Light Rail extension nearing completion.
For further details or to request the Information Memorandum, please contact:
Paulette Koriacos – 0456 778 678
PROPERTY HIGHLIGHTS
• Freehold motel asset comprising 8 self-contained units
• Existing lease agreement in place providing holding income
• Two-level, three-bedroom manager's residence with office/reception
• Land area: 817m² | Building area: 535m² | Frontage: 59m*
• Zoning: Medium Density Residential (RD5)
• On-site facilities include swimming pool and off-street parking
• Prominent dual frontage to William Street and the Gold Coast Highway
DEVELOPMENT & VALUE-ADD POTENTIAL (STCA)
• Ideal for boutique mixed-use redevelopment, townhouse project, or future repositioning
• High-exposure corner site in a tightly held coastal growth precinct
• Holding income allows flexibility for purchaser planning and timing
• Strong demand from developers, investors, and landbank buyers
LOCATION ADVANTAGES
• Centrally positioned between Broadbeach and Burleigh Heads
• Approx. 300m to Mermaid Beach and Hedges Avenue
• Walking distance to cafés, retail, and dining
• Adjacent to the future Light Rail station
• 20 minutes to Gold Coast Airport
Disclaimer: The above information has not been verified. We advise you to confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccuracies supplied here.
