UNDER OFFER
Colliers are pleased to offer For Sale by Expressions of Interest The Bay City Motel at 231-235 Malop Street. The Bay City Motel, situated on the thriving Malop Street in one of the fastest growing cities in the Country.
231-235 Malop Street represents an unparalleled boutique accommodation offering, providing the rare opportunity to purchase the freehold and business combined.
231 -235 Malop Street provides an opportunity to purchase a booming business which has been in operation since 1984. With enormous future growth and upside as Geelong continues its expansion and status as Australia's top regional city.
This is your opportunity to continue the legacy by walking into 231-235 Malop Street and take advantage of over 30 years of hard work in a thriving Geelong CBD. Ahead of the Commonwealth Games, a booming local tourism and economy, which will be further enhanced by the arrival of the Spirit of Tasmania in October 2022 and infrastructure projects such as:
- The Geelong Convention & Exhibition Centre
- Upgrades to Avalon Airport
- The Fast Rail & many more
Alternatively, the site offers enormous development opportunity, with generous residential zoning and up to four story multi level residential development (STCA) with potential ocean views.
Features:
- 18 double rooms over two levels
- 4 bedroom management quarters
- Commercial kitchen and restaurant area for up to 65 patrons
- Potential revenue of over $765,000 per annum including GST
- Land area of 1,215 square metres*
- Residential Growth Zone
- Multi residential development opportunity
For Sale by Expression of Interest closing Thursday 13 October 2022 at 4pm (AEST)
For more information, please contact Colliers agents Chris Nanni 0438 306 361, Ben Young 0407 296 679, Andrew Lewis 0418 508 908 or James Lawson 0488 167 173
*Approx
^ Price includes GST
