We are excited to offer for sale this great going concern motel ideally located in the absolute prime location of Mermaid Beach, this 817m2 allotment is perfect to build commercial on the ground with apartments above! The Classic Motel provides a current holding income and scope to create a boutique development in a highly sought-after location.
Savvy investors and developers will recognise the opportunity the 817m2 parcel of land the motel sits on presents.
Enquire now this property will be sold, contact us today for more information.
- Operating Motel / Holding Income
- 817sqm Corner Site
- Zoned Medium Density RD5
- Building Height (3/15m)
- 1 x 2 level, 8 Units
- 3-bedroom Managers Unit
- Including Managers Office/ Reception
- Close proximity to Shops, Cafés and Restaurants
- Swimming Pool
- Current Rent from Lease: $114,300 PA
- Freehold investment with low outgoings
- Ability to exit lease with 3-month notice period
- Prominent, highly visible main road location with easy direct access
- Close proximity to Shops, Cafés and Restaurants
Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract.
Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here.
