This property is in the township zone for housing allotments - furthermore planning approval for 28 motel units.
In essence a sound medium term lifestyle investment for 3. 5 million dollars
A golden opportunity to secure a very valuable adaptable site with the full knowledge of absolute future prosperity.
Planning Approval for 28 Motel Units plus Reception Area and Laundry Facilities.
An intelligently planned two story building, architecturally meritorious, centrally sited on a generously proportioned parcel of land being 3,001m2 over two titles.
The carefully considered building design, together with the proposed colour tones harmoniously blends with and uplifts the general surrounding amenity.
SOUTH AUSTRALIAN TOURISM PLAN 2030
The refreshed South Australian Tourism Plan reaffirms an ambitious goal to grow the states visitor economy to $12.8 billion and support a further 4,400 jobs by 2030.
The Plan targets 20,200 weekly International Airline seats by 2030, an increase of 6,300 equivalent to 327,600 seats annually.
ADELAIDE HILLS TOURISM STATISTICS 2025
• Visitor spend $170M.
• Employment in the region 1,700 jobs.
• Day trip expenditure $90M.
• Overnight expenditure $80M
• 1 in 18 jobs supported by the Tourism Industry.
Supports the development of experiences that reflect the Adelaide Hills Interpretation Plan, themes of food and beverage, towns and villages such as Oakbank.
Embrace new wine events such as Chardonnay May and Sparkling Spring, existing signature wine events Crush Festival and Winter Reds.
OVERVIEW
The Adelaide Hills reflects a shortage of supply for visitor/tourism accommodation, in fact on certain weekends accommodation and Airbnb is totally booked out.
Hills occupancy rates usually exceed the national average of 65%.
A reasoned overview of income (Oakbank - Adelaide Hills)
We acknowledge that intending purchasers will have an inherent knowledge of the commercial parameters influencing leasing/returns/capital investment/development costings, however for an overview please contact the agent.
Investors in the accommodation sector will have inherent awareness and knowledge and understanding that this site provides an unsurpassed opportunity to initially set up the Motel (complete as a business) or lease up front with negotiations involving a lessee to pay for the rights to lease/plus fitout costings.
