30 Foster Street, BICHENO TAS 7215
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- 18 Nov 2016
Bicheno By The Bay
This superb complex occupies a most magnificent site overlooking the ocean in the resort town of Bicheno on Tasmania’s East Coast.
Includes 19 large bungalows, 5 motel units manager’s residence, in-ground pool, tennis court, canoe pond and children's playground all on 6 titles encompassing 3.059 hectares.
The bungalows are spaciously laid out amid a natural bush setting with great views from private decks
With 180 metres frontage to the Esplanade this valuable site has huge potential for a development to substantially increase the number of bungalows or motel units.
The is no restaurant or bar to worry about as all the rooms are self catering, hence staff numbers are kept to a minimum.
It is no secret that Tasmanian tourism is booming. There were over 1.1 million visitors in 2015 and forecasts are on target to reach 1.5 million visitors by 2020
Obviously now is the time to buy! The property has shown strong growth in the last 3 years, it is a very enjoyable lifestyle, and a future development will take full advantage of increasing visitor numbers.
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
30 Foster Street BICHENO