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Address available on request South Yunderup, WA 6208

Address available on request,
South Yunderup, WA 6208

Hotel, Motel & Leisure • Development Sites & Land

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Sold

Range: $2,265,000 - $2,635,000

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ABSOLUTE WATERFRONT VIEWS - RESTAURANT & FUNCTION CENTRE - large 2394 sqm site has seperate Owners Residence & also has Development potential !

- Wouldn't it make a great pub site!? [ why don't you check the possibility out, with the recent changes to the W A liquor licensing laws ]

- Consider this Sites many attractive Alternatives : Retain & Operate as is ; or Renovate & Remodel for hospitality trade ; or Redesign & Redevelop for a variety of different uses - and Profit from whichever of these alternatives you engage in - QED !!

- It currently offers a great ' Lifestyle Business ' - on its own Freehold Title - sought by very many but available to only the select few !

- Located just upstream from & near the booming townsite of Mandurah, which leads in to WA`s beautiful South-West coastal region, and prominently perched on the banks of the beautiful Murray River.

- Offered for sale is a Freehold Hospitality Business, which contains a most attractive two storey, licensed Restaurant at ground level plus a first floor licensed Function Centre & both are fully equipped & serviced with their own kitchens & both have expansive garden , parkland & river views.

- Substantial 2394m2 Freehold site [ which has possible development / subdivisional potential ] & which contains extensive landscaped lawns plus enchanting rose gardens and a white lattice gazebo [ used for weddings & other festivities ] - all of which adjoin further extensive landscaped and lawned public opened space plus beach / jetty and direct water frontage.

- Wildlife abounds and even dolphins regularly make the trip upstream to this majestic property!

- Large functions are possible as the Restaurant is licensed for approx 100 people and the Function Centre for a similar number.

- An idyllic & seperate owners / managers 2 bedroom Residence, with direct river views, is also included on the site.

- The Business, which is owner-operator managed by the husband and wife proprietors (plus adequate support staff) is currently only operated [ to suit the owners lifestyle ! ] on a part-time basis ; however with the prevailing demand for more extensive trading hours both the Restaurant business & the Function Centre operations have huge room to grow - an opportunity awaiting a vigorous new proprietor ! . Accordingly too, only a modest owner-adjusted net profit of approx $100K is currently being generated and the hence the business operations are deemed to have a market worth of $300K.

- In addition, the extensive Freehold Land & Buildings have an estimated market worth of $2.2M.

-The combined Business plus Freehold site have an attractive combined Asking Price of $2.5M & are offered on a WIWO basis.

Please contact Joe Lucisano on (08) 9388 99... / mobile 0421 213 825 or email joe@elliscorp.com.au

Property ID: 5212570Last Updated: 4 Dec 2013

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08 9388 99...
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Address available on request
South Yunderup, WA 6208
Ellis Corporate - West Leederville
434 Vincent Street West
WEST LEEDERVILLE, WA 6007

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