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realcommercial.com.au

Address available on request VIC

Address available on request,
VIC

Hotel, Motel & Leisure

Price information

Sale

DEVELOPMENT SITE $2.7M + gst

Key property information

Land area

Floor area

Private inspections

to arrange a private inspection.

A RARE COASTAL DEVELOPMENT OPPORTUNITY NOT TO BE MISSED - 24DS

- Once in a lifetime opportunity to own and develop on the famous Great Ocean Road.

- A tourism mecca development.

- Ease of access to huge tourism draw cards.

- The area attracts 3.7 million domestic daytrip visitors a year, more than Uluru and the Great Barrier Reef combined. * Tourism Australia

- Project profit margin average internal rate of return of between 20% to 27% estimated as a freestanding development.

- Ability to create management rights and strata title the development to increase profits.

- 7,137 sqm that is 150 metres from the water.

- Current approval for corporate level 36 rooms, restaurant (with liquor licence), cafe, gymnasium and pool.

- All permits to enable construction to commence have been obtained (conditions apply - available at extra cost).

- Owners will share all options from joint venture, investment opportunities through to complete ownership. What works for you, let us know and we can try and create a deal.

- The team is ready for all opportunities.

Estimated Value $9 to 10 million when completed

Development Motel/restaurant/cafe/gymnasium/pool

Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

Property ID: 24DS (quote when enquiring)

Property Code: 3856

Additional information

Property ID: 503871718Last Updated: 9 Jun 2024

04330919...
realcommercial.com.au logo
Address available on request
VIC
Tourism Brokers - NSW, QLD, VIC & TAS
Centralised Administration: 32 Lamorna Ave
BEECROFT, NSW 2119
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