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VIC

DEVELOPMENT SITE $2.7M + gst

24DS - A RARE COASTAL DEVELOPMENT OPPORTUNITY NOT TO BE MISSED

  • Once in a lifetime opportunity to own and develop on the famous Great Ocean Road.
  • A tourism mecca development.
  • Ease of access to huge tourism draw cards.
  • The area attracts 3.7 million domestic daytrip visitors a year, more than Uluru and the Great Barrier Reef combined. * Tourism Australia
  • Project profit margin average internal rate of return of between 20% to 27% estimated as a freestanding development.
  • Ability to create management rights and strata title the development to increase profits.
  • 7,137 sqm that is 150 metres from the water.
  • Current approval for corporate level 36 rooms, restaurant (with liquor licence), café, gymnasium and pool.
  • All permits to enable construction to commence have been obtained (conditions apply - available at extra cost).
  • Owners will share all options from joint venture, investment opportunities through to complete ownership. What works for you, let us know and we can try and create a deal.
  • The team is ready for all opportunities.

Estimated Value $9–10 million when completed

Development Motel/restaurant/cafe/gymnasium/pool

Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

Property ID: 24DS (quote when enquiring)

Property Type Business

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Andrew Cronin

0433 091 971
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