CALLING - Sharp Investors with a keen eye for future possibilities
An interesting investment opportunity indeed.
The Motel is currently leased with around 13 years remaining. The Lessee pays all outgoings including Council rates and owners insurance. What this means is you would have the luxury of 13 years to decide 'What's Next'
There is little doubt that the site is prime for future development. Residential apartments is the obvious choice in this fantastic, sort after location. Short flat walk to the village, shopping, safe swimming beach, sunny, Seaview's - its an impressive list and we have a real shortage of quality residential apartments.
Yes there has been a number of apartments built in recent years unfortunately the vast majority are locked into management agreements for the holiday market.
Possibility thinking ........ tightly held by the same family for over 40 years you could say this is a once in a lifetime chance.
Remember to - Click on the video tour link
LIM and Lease documents available on request.
Deadline Private Treaty + GST (if any) (unless sold prior)
The deadline for offers is the 17th of August 2022 at 4pm, the Motel can only be purchased prior to the deadline with an unconditional offer subject to acceptance by the vendors.
Contact me now for an appointment to inspect.