Seize this rare opportunity to acquire a prime 1,550sqm development block in a thriving district centre, offering immediate income and exceptional future potential. The property is situated in a Development Zone Centre and currently designated for Motel land use, featuring a recently renovated 11-room motel known for its high occupancy rates year-round, ensuring a steady and reliable revenue stream.
Strategically located within walking distance of popular restaurants, bars, shopping centres, and Thornlie Leisure World, this site is situated in a highly sought-after area. The existing structure occupies only one-third of the block, leaving ample room for further development or expansion.
Preliminary plans for a 3-storey apartment complex have already architect plans, showcasing the immense potential of this site. The sellers have proposed a leaseback arrangement for a term that suits all parties, allowing the property to be leased during the planning phase of any redevelopment or for an investor who wishes to maintain the property as it is.
Additionally, the sellers offer the buyer the opportunity to run or oversee the business as part of their due diligence for up to three months, included in the sales contract. If the buyer is not satisfied during this period, the contract can be terminated. With multiple access points and prime zoning, this property represents an outstanding investment opportunity for developers eager to capitalise on a high-growth area. Don't miss the chance to secure this prime piece of real estate!
Note that the property is for sale, not the business.
Contact Doreen Sharma or Brian McAllister today to learn more about this fantastic opportunity and schedule a viewing.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
