FREEHOLD & BUSINESS • 13 Room Motel freehold & business
• Restaurant leased
• Opportunity of a lifetime
• 10% NET return, well established business
• 2 separate titles
• 40.23 X 50.29 = 2,023.16m2
• Do not enter premises, View strictly by appointment
• Please contact Michelle Vo 0401 029 815
Value-Add Freehold Investment. 6 Shops + Holiday Letting + Residences. Attractive mixed used multi tenanted investment. Prime main street corner in iconic tourist destination. Diverse mix of retail tenants plus 1st floor residential. Oversized 340 sqm residences with strata potential (STCA). Used as holiday letting & owner occupation. Near 100% holiday booking track record Flexible B2 Business Centre Zoning, Permits higher density residential (STCA). FSR of 2.75:1 and 23m height limit. Stunningly situated, only metres to waterfront & sandy beaches. Recently refurbished brick building. Net Income: $208,537 pa + GST (fully leased).
Popular Peninsula Location Secure 15 year lease to Mission Australia ELS to 2021. Two further 5 year options to 2031. Well maintained dual facilities, licensed for 59 LDC places. Triple net lease terms with Tenant responsible for all costs to the centre including capital and structural works. Annual CPI rent reviews plus market reviews. High profile 1,505 sqm residential zoned corner site with dual street frontage of 98 metres approx over two titles. 9 on site car spaces. Mission Australia Early Learning Services: established operator with 53 centres nationwide. Popular coastal suburb located 17km north west of Gosford...