Hotel/Leisure for Sale at
8 Coral Coast Drive, Palm Cove, QLD

Periwinkle Apartments | 8 Coral Coast Drive, Palm Cove

This is a fantastic opportunity to occupy one of the largest freehold land sites in Palm Cove, Cairns' premier beach location.
Coming with an immediate and stable income from 44 units, this property has loads of value add potential!

• Land Area: Approx. 7,417sqm
• 44 Units (32 studio apartments, and 12 fully leased one bedroom apartments)
• Over 95% occupancy rate
• Airbnb / onsite owner management opportunity for higher income stream
• Singularly titled with the opportunity to separate into individual titles
• Resort pool & BBQ facility, with plenty of parking
• Current turnover in excess of $700,000
• Previous approval for a 6 storey development
• Plenty of space for an additional 18-20 apartments (STCA*)
• 16m build height limit with plenty of room for expansion

Please feel free to call to discuss this property further!
Nathan Huxham 0403 583 306
Ryan Langham 0420 581 164

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers/lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by 'The Collective Commercial Pty Ltd' trading as Ray White Commercial Broadbeach towards the recipient with regard to the use of this information and all information given is given without responsibility. Visit Ryan Langham Commercial Real Estate for tips on Gold Coast Commercial Real Estate Gold Coast, Burleigh Heads Commercial Real Estate, Burleigh Waters Commercial Real Estate, Carrara Commercial Real Estate, Coolangatta Commercial Real Estate, Currumbin Commercial Real Estate, Tweed Heads Commercial Real Estate, Helensvale Commercial Real Estate, Arundel Commercial Real Estate, Biggera Waters Commercial Real Estate, Bundall Commercial Real Estate, Gold Coast property or any of the following suburbs to know more about the commercial market in these areas: Advancetown, Alberton, Arundel, Ashmore, Austinville, Benowa, Biggera Waters, Bilinga, Bonogin, Broadbeach, Broadbeach Waters, Bundall, Burleigh Heads, Burleigh Waters, Carrara, Cedar Creek, Clagiraba, Clear Island Waters, Coolangatta, Coombabah, Coomera, Currumbin, Currumbin Waters, Currumbin Valley, Elanora, Gaven, Gilberton, Gilston, Guanaba, Helensvale, Highland Park, Hope Island, Hollywell, Jacobs Well, Kingsholme, Labrador, Lower Beechmont, Luscombe, Main Beach, Maudsland, Mermaid Beach, Mermaid Waters, Merrimac, Miami, Molendinar, Mount Nathan