Login
iscover
James Mitchell
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
A Sydney investor has bagged a bargain at Surfers Paradise, the latest in a series of similar steals at heavily discounted prices.
The private investor paid $6 million for a beachfront apartment block that last traded at $14.5 million at the height of the Queensland boom.
==
==
The 1151 square meter plot includes a seven-storey tower of 20 strata-entitles units and development approval for an 18-storey residential tower for 14 units.
The 1980s built block reportedly generates $400,000 a year through holiday lets.
Newsletter
