24DS - A RARE COASTAL DEVELOPMENT OPPORTUNITY NOT TO BE MISSED
DEVELOPMENT SITE $2.7M + gst
- 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
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 24DS (quote when enquiring)
Property Code: 3855