The Property

• High profile main street location in premier tourist town
• Sited on 2 titles, each with separate street access & frontage
• Total land holding approximately 1,600m²
• Currently operating as a small / mid-sized 'budget' motel
• Solid versatile construction with good off-street parking

The Particulars

• Current lease expires June 2013
• Current annual rental $88,872 per annum (incl GST)
• Tenant pays all standard hotel / motel outgoings

The Commentary

A most desirable Southern location with dual street access in the centre of a very popular tourist hub. A full or partial redevelopment of this valuable site will have great potential capital growth.

THE OPTIONS ARE ENDLESS...further develop the current operation, create a new commercial outlet or residential development (all subject to consents).

The current tenant may consider entering into an extended lease.

Method of Sale - PRIVATE TREATY (For Sale)

Please read the OCBA Form R7. Legislation requires an Agent to provide this to Purchasers.