A valuation places the replacement cost and land value in the vicinity of $6.0M.

This property represents a development opportunity to convert the existing underperforming motel into a nursing home. Ideally located only a few minutes from the Margaret River CBD in a blue chip location, this property offers a high standard of on-site buildings and quality fit-out.

Freehold Property Details:

Area: 2.24 hectares
Location: Western Australia
Zoning: Tourism
Rating: Trading as a 3.5 star property with scope for a higher rating
Rooms: 56 recently refurbished rooms
Restaurant: 100 seats inside and 55 seats outside
Full commercial kitchen with a complete range of well maintained appliances
Conference/Function Room: 300 seats theatre style capacity, which can be divided into 2 rooms. This facility is one of the largest of its type in WA.
Cocktail Bar
Fully landscaped gardens and lawns in a natural setting
Swimming Pool
Mini Golf Course
Managers flat
78 on-site car parks
Workshop
2 acres of unused land that can be utilised for 14 strata titled units (Feasibility Study available)

For further information on this development opportunity, please contact Alan Dinnie on 0417 906 2... or email alan@elliscorp.com.au or office 08 9388 99...