Rare 3 Street Frontage to Gold Coast Highway
3 properties in one line all earning great income include-
- EXISTING MOTEL – 2,444m2* block, 31 studio apartments + managers unit, large pool & BBQ, secure parking, management rights. Earns $260k PA
- DUPLEX PAIR – 445m2* block – 2 x 2-bedroom duplexes
- Apartments -473m2* block- 4 x 2-bedroom apartments
- High Density, 53m* Height limit
• 100m* to Broadwater
• Close to transport
• Perfect location with water views
• Unprecedented growth
• Best site in Labrador
• 3 great street frontages
• Total 3,362m2*, RD 6
• Walk to Cafes, restaurants and shops.
Indicative Yield Options
Option B) 200 Hotel rooms @ 60M2 per rooms and 90 X 1 & 2 Bedroom Units + Study **
Option B) 40 x 1 Bed + Study, 153 x 2 Bed + Study (193 Units)**
** Based on BT Group proposal
Owner will accept cash sale or terms: Non refundable deposit and extended settlement in order for buyer to achieve development approval.
Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Horaay and its employees cannot be held responsible for any inaccurate details supplied he
Town planners rough estimates of development potentials available upon request along with income estimates on motel and management rights income.
images indicative only