A RARE COASTAL DEVELOPMENT OPPORTUNITY NOT TO BE MISSED - 24DS
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), cafe, 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 to 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
Key Investment Insights1. Rare opportunity to own and develop on the famous Great Ocean Road.
2. Prime location in a tourism mecca with easy access to popular attractions.
3. High potential for profit with estimated internal rate of return of 20%-27%.
4. Possibility to create management rights and strata title development for increased profits.
5. Large land size of 7,137 sqm and close proximity to the water.
6. Current approval for a corporate level development including 36 rooms, restaurant, cafe, gymnasium, and pool.
7. All necessary permits for construction have been obtained.
8. Flexible ownership options including joint venture, investment opportunities, and complete ownership.
9. Experienced and ready team to assist with all opportunities.
10. Estimated value of $9-10 million upon completion.
11. Development includes a motel, restaurant, cafe, gymnasium, and pool.
12. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
13. Property ID: 24DS (quote when enquiring).
14. Property Code: 3855.