11DS-1 - OPPORTUNITY TO SECURE BEACHFRONT DEVELOPMENT, WITH $189,500 IN FUTURE ANNUAL RENTAL
Under Contract / Offer
Harbourside Property Development Opportunity
For Sale is the Land of Harbourside Development Lot 4, with DA approvals for an entertainment and hospitality complex on the foreshore of Bowen (The Whitsundays) consisting of four restaurant / cafe spaces of 150 sqm each and one cafe / food space of 91 sqm totaling 690 sqm.
With projected Rental for each restaurant / cafe at around $39,800 plus GST, total rental for site of around $189,500, it allows for an incoming tenant to enjoy absolute beachfront tenancies for less than $12 per operational hour of use or less than $272 sqm per annum.
The Vendor is a retired builder and developer and at 75 years of age, is now looking to pass this opportunity onto someone else.
- Purchase Price of Land and DA Approvals $795,000.
- Projected Total Rental Return on completed Development Project is $189,500 plus GST.
- Do the Sums and give us a Call.
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 11DS-1 (quote when enquiring)
Property Code: 3650
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -