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26-28 Frances Street Tweed Heads NSW 2485

  • Hotel, Motel, Pub & Leisure
  • 787 m²
  • Expressions of Interest

OPPORTUNITIES ARE ENDLESS! THRIVING BUSINESS ON DEVELOPMENT SITE IN TOWN

    An opportunity to acquire a thriving business in a blue chip location does not arise often. Currently trading as 'Cooks Endeavour Motel' with a track record of phenomenal returns ($381,253 NET profit 2021) , this completely renovated Motel in Greenbank is ready to purchase. It has been owned by experienced motel owners who have renovated and created low maintenance accommodation that can be run by yourself, a family group or easily outsourced to an employed manager. (Owners have retired offsite and run the motel with a single manager in situ, with minimum input from owners)

    We urge developers to consider this opportunity with a large footprint of 1859 m2, height limit of 22m and double street frontage. It is extremely rare to find a development opportunity with a holding income. While the planning and DA process are in place, this is an asset that can run seamlessly without owner involvement.

    Another possible option for the Motel, is a personalised fit-out to attract a diverse range of clientele. It's said that 2022 is the year of the "backyard holiday", the year we overpack our cars with surfboards, fishing rods and footballs and hit the highway in a bid to explore what our glorious country has to offer. There are a handful of boutique motels in Australia that are thriving in this current environment and our area certainly has an opening for one.

    Please get in touch for a full memorandum including financials for this exceptional Greenbank opportunity.

    MOTEL PROPERTY FEATURES:
    - 15 self contained units
    - 6 motel rooms
    - Extensive renovation
    - 1 x 4 bedroom, 2 bathroom family residence
    - Existing commercial kitchen
    - Inground pool and BBQ facilities
    - Green footprint operations (extremely low running costs)
    - Land held under two titles
    - Freehold Going Concern

    REDEVELOPMENT INFORMATION:
    - Zoning - R3 Medium Density
    - Land - 1859 m2
    - Height Limit - 22 metres
    - Frontages - Frances & Mcgregor Street - 36m
    - FSR - 1.8:1 (3346m2)

    Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans, and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice

    EXPRESSION OF INTEREST

    Closing date and time30/09/2021 12:00
    Recipient nameSophie Carter
    Delivery addresssophie.carter@sophiecarter.com
    Sophie Carter
    Sophie Carter Exclusive Properties
    Sophie Carter
    Sophie Carter Exclusive Properties

    Property Highlights

    Property ID2017244891
    Floor Area787 m²
    Land Area1,859 m²
    Parking21 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityVacant
    Category
    Last updated  9 Sep 2021
    Map for 26-28 Frances Street Tweed Heads NSW 2485
    Map for 26-28 Frances Street Tweed Heads NSW 248526-28 Frances Street Tweed Heads NSW 2485
    Sophie Carter
    Sophie Carter Exclusive Properties
    Sophie Carter
    Sophie Carter Exclusive Properties

    Property Highlights

    Property ID2017244891
    Floor Area787 m²
    Land Area1,859 m²
    Parking21 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityVacant
    Category
    Last updated  9 Sep 2021
    Sophie Carter Exclusive Properties
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    Sophie Carter
    Sophie Carter Exclusive Properties
    Sophie Carter
    Sophie Carter Exclusive Properties
    Sophie Carter

    Sophie Carter

    Sophie Carter Exclusive Properties

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