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).
MOTEL FOR SALE - Ocean Front Motel, The Entrance The Ocean Front Motel is situated at 100-102 Ocean Parade, The Entrance, approximately 93km north of Sydney and 75km south of Newcastle. The Entrance, postcode area 2261, is one of New South Wales fastest growing regions and has a population of 45,500 residents.
The Ocean Front Motel offers some of the best motel accommodation available on the Central Coast. The Entrance is 1hr from Sydney via the F1 Freeway or easy train trip from Sydney to Wyong.
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...