113 Justice Road, COWES VIC 3922
$2,600,000 - $2,800,000
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- Hotel / Leisure
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- 20 x Onsite parking
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- 28 Dec 2016
LIFESTYLE OPPORTUNITY - EXECUTIVE HOME WITH INCOME EARNING RENTAL ACCOMMODATION
Live the dream and own your own resort in picturesque Phillip Island, one of Victoria's premier tourist destinations. With both the business and freehold on offer, this is a unique investment opportunity.
Spread across 2.5 stunning acres, this resort features at the front of the property an executive 40 square 4 bedroom family residence with private yard, dual car garage and 60 x 40 storage shed. Travel down the driveway and enjoy the strong income earning accommodation including on site management facility which can be utilised as 1 bedroom unit, 4 x two bedroom family units with bedding configuration for 6 guests; 2 x two bedroom luxury spa suites with bedding configuration for 5 guests; and 2 x three bedroom family suites with bedding configuration for 10 guests.
Guests can relax in the tropical surrounds including mature palms and landscaped gardens and enjoy the large swimming pool or for smaller children, a designated wading pool. Work up a sweat on the modern hard surfaced tennis court and let the children enjoy the playground. Guests can also utilise the two covered outdoor BBQ areas complete with stainless steel hotplates, sink and outdoor settings - perfect for relaxing evening meals and catching up with friends.
Surf and Circuit Resort is conveniently located only 2 kilometres from the heart of Cowes and is a short drive from all of Phillip Island’s tourist attractions including the Penguins, Seal Rocks, the Grand Prix Circuit and stunning family friendly foreshore and surf beaches.
This resort offers an ideal opportunity for a sound and secure investment with the benefit of resort lifestyle. Additionally, the property also holds permits for subdivision or could be further developed.
For further details or to discuss this unique investment opportunity, please contact Mike Foenander.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
113 Justice Road COWES