58 Cavill Avenue
Surfers Paradise 4217

Tony Grbcic and Adam Grbcic from Kollosche Commercial are proud to offer the market the proposed subdivision of The Tiki Village Hotel, situated at 58 Cavill Avenue, Surfers Paradise.

Situated in the heart of Surfers Paradise with the well-known Cavill Avenue address, this is the unique opportunity to reposition the current hotel, redevelop or landbank with a strong holding income from the existing hotel.

Being offered, is the proposed subdivision of the existing Tiki Village hotel and retail/commercial precinct. The sale, is the Tiki Village (eastern) portion of the site, which is being sold vacant possession and comprises;

-Proposed Land Area: 2,502m2* (subject to final survey)

-Existing 9 Level Hotel which comprises 72 serviced apartments

- Room configurations includes, 1 x 3 bedroom, 2 x 2 bedroom & 69 x 1 bedroom

-2 level basement which provides 64* parking spaces

-Strong holding income potential as is, or when repositioned

-Zoning: Centre Zone & unlimited Height allowance

The Hotel also comprises a development approval, to convert the current configuration into a 142 room luxury hotel rooms and suites, designed to incorporates the views with 90% of the rooms having a north west aspect which captures the Nerang River and City Skyline.

This is a strategic cornerstone property that has the potential to become a blue-chip asset or redevelopment site. Located on the famous Cavill Avenue, but on the western side of the Gold Coast highway which is more private, has easier access and takes advantage of views over the Nerang River and Gold Coast hinterland (to the west) and skyline and ocean views (to the east).

The Tiki Village is within close proximity to the G:Link (Gold Coast Light Rail Network) which will soon provide additional connectivity to the Southern Gold Coast.

Please contact either Tony Grbcic or Adam Grbcic from Kollosche Commercial for more information on this opportunity.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.