Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price range $4.6M to $5.1M, expressions of interest being sought.
2. Freehold motel and development site, Property ID 2814ML, Property Code 5412.
3. Prime marina waterfront location in Lakes Entrance, strong coastal tourism appeal.
4. Vacant possession, ready to operate from day one.
5. Recently upgraded and well presented, offered with chattels, plant and equipment.
6. Large land parcel of over 3,000m2, offering scale and redevelopment flexibility.
7. Existing accommodation inventory of 27 motel rooms, including luxury family rooms and suites.
8. Exceptional two bedroom manager's residence and reception area, both brilliantly renovated.
9. On-site amenities include an inground pool and barbeque/gazebo entertaining area.
10. Clear development upside, potential for a street frontage café or restaurant.
11. Alternate redevelopment options include conversion to deluxe five star apartment letting or adding up to five additional rooms.
