Merimbula, New South Wales
Freehold 5.3 hectares waterfront motel/resort style
with the opportunity to control the resale of the strata titled tourism/holiday managed accommodation and recapitalize, once established.
Sure, it's a big buy in. Once the current DA for another 9 cottages is completed and the business establishes good trading figures you could recover maybe more than half of the outlay and still maintain the operation of the entire business.
You could actually start to recover some of your investment from settlement day and complete your business plan over a couple of years. Eventually owning a magnificent waterfront holiday business run along similar business model of the very successful Lake Crackenback in the snowy mountains.
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There already is a champion standard tennis court, resort style 15 metre pool and spa. Boat jetty. Conference and function centre with a full commercial kitchen.