ALOHA MOTOR INN, NEWCASTLE, NSW 30 room motel in the heart of Merewether with latent operational upside, and development potential (STCA)
CBRE Hotels, on behalf of the vendors, is delighted to offer this outstanding motel opportunity located on a corner of the Pacific Highway.
* Freehold 30 room motel with going concern business (29 rooms operational)
* Newcastle (Australia's 7th largest city) hotel market underpinned by consistent corporate demand
* Operational upside for owners with new energy and drive to re-invigorate the business
* 2km from famous Merewether beach, and 4km from Newcastle CBD
* Favourable zoni...
DEVELOP OR SUB-DIVIDE With a prime corner position covering 1,100m2 (approx) this unique dual-access site possesses outstanding potential for residential and/or commercial redevelopment or sub-division in a highly desirable suburb.
Features include: * Corner position * 1,100m2 block (approx) * (2) tenancies - (1) long term tenant * Zoned R(3) & B(1).
AUCTION: Thursday 13th November @ 10.30am Fort Scratchley Function Centre Nobbys Road, NEWCASTLE EAST.
A Rare Opportunity for the Discerning Investor - 2 x boutique retail shops
- Renovated 2 bedroom unit
- 2 x garage spaces
- Enormous secure storage space
- Net return $79,220* pa
This outstanding investment ticks all the boxes. Delivering diversified cash flow from 3 separate tenancies consisting of 2 boutique retail spaces & a 2 bedroom unit all freshly renovated and immaculately presented.
The property embodies the beachside lifestyle & has exceptional exposure to Darby Street & Parkway Avenue. It offers enviable tenant appeal providing an outlook that many investors can only dream of.
Rare Inner City Acreage - Irregular holding with extended frontages to City Road and Brunker Road.
- Permitted uses with council consent includes animal boarding establishments, childcare centres and a dwelling house.
- Gross income from existing signage $10,000 per annum.
- Site area 16,141m²
- Zoned E3 Environmental Management