Peterborough, Victoria

24DS - A RARE COASTAL DEVELOPMENT OPPORTUNITY NOT TO BE MISSED

DEVELOPMENT SITE $2.7M + gst

Property Description

- 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

Development Motel/restaurant/cafe/gymnasium/pool

Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

Property ID: 24DS (quote when enquiring)

Property Code: 3855

Property Summary

Motel Information

Marketing Agent
Andrew Cronin
Andrew Cronin

Listing location
Gallery

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