This strategically located development site with VALUABLE PLANNING APPROVAL for TOURIST ACCOMMODATION is offered for sale by Expressions of Interest Closing 1pm Thursday 17th September 2020.
Planning approval is in place for TOURIST ACCOMODATION comprising of 8 x 2 storey units, car parking and swimming pool.
Each unit comprises three bedrooms plus bathroom on the upper level. The lower level is an open plan area comprising kitchen, dining and living areas together with laundry and toilet.
Site area is 3,219 square metres approximately. Adjacent to picturesque vineyard.
The property and is situated approximately 39 kilometres or 45 minutes' south of the Adelaide CBD.
The town of McLaren Vale is the heart of the Fleurieu Peninsula wine-growing area and houses an estimated 120 wineries. McLaren Vale is an absolute icon, making it one of the hot spots for tourism and residential living.
This prime TOURIST DEVELOPMENT SITE is situated the heart of McLaren Vale Township, walking distance to many amenities including shopping centres, health care facilities, cafes and wonderful restaurants.
Figures released by Tourism Research Australia show overnight stays in McLaren Vale have risen 45 per cent up from 38,000 a year to 55,000 a year.
Day trip visitors to McLaren Vale have risen 140 per cent up from 130,000 a year to 351,000 a year.
The region has been listed in the top 30 wine regions in the world by the highly respected US website Travel Lemmings.
Situated on the site is a 3 bedroom red brick Villa currently leased at a rental of $250 per week. Providing valuable holding income.
Average room rates of *$300 per night could be envisaged which would equate to $870,000 per annum on a 100% occupancy or approximately $700,000 per annum on 80% occupancy or approximately $520,000 per annum on 60% occupancy.
*Interested parties need to make their own inquiries regarding potential income estimates.
This is an outstanding opportunity to capitalise on this rapidly growing tourism market.
Contact Christopher Marchant for more information on 0411 885 669
