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5620 Buchan - Orbost Road
Buchan VIC 3885
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Sold on 30 Jun 2021

5620 Buchan - Orbost Road Buchan VIC 3885

  • Hotel, Motel, Pub & Leisure
  • 6,600 m²
  • Sold

Sherrington Apartments, Buchan.

Presenting this purpose built holiday accommodation complex, consisting of two x 2 bedroom apartments, one x 1 bedroom apartment, and one x motel unit. The three apartments are currently rented on a month to month basis to long term tenants, while the motel unit is not utilised at present.

The property is situated just 500 metres from the township and the entrance to the Buchan Caves Reserve. On 6600 sqm of land (1.5 acres), there is ample space for further development of the site. (STCA).

The buildings are of solid brick construction, and are in excellent condition throughout.

The return on investment is very good under the current rental arrangements, but could be improved dramatically if the complex was returned to its original use as overnight or short term tourist accommodation. If the property was purchased on a 90 day settlement, vacant possession could be arranged.

This property represents an enormous opportunity for the right operator, as there is a shortage of tourist accommodation in the Buchan area.

Please call Warren Meade on 0412 981 531 to arrange an inspection.

Bill Wyndham & Co Real Estate
169 Main Street
Bairnsdale, VIC 3875

Property Highlights

Date Sold30 Jun 2021
Floor Area6,600 m²
Land Area6,600 m²
ParkingAsk Agent
Property ID2017031086
Category
Last updated  3 Apr 2023
Map for 5620 Buchan - Orbost Road Buchan VIC 3885
The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
Bill Wyndham & Co Real Estate
169 Main Street
Bairnsdale, VIC 3875

Property Highlights

Date Sold30 Jun 2021
Floor Area6,600 m²
Land Area6,600 m²
ParkingAsk Agent
Property ID2017031086
Category
Last updated  3 Apr 2023

Listed by

Warren Meade
Warren Meade
Bill Wyndham & Co Real Estate
Call
0412 981 531

More about 5620 Buchan - Orbost Road Buchan VIC 3885

5620 Buchan - Orbost Road Buchan VIC 3885 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 6,600 m² and a land area of 6,600 m². The listing ID for this property is 2017031086.

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