Wandoan, Queensland

2612MF - PURCHASE AT COST PRICE OR BUY INDIVIDUAL LOTS

PRICE SLASHED $800,000

Property Description

Opportunity to secure some prime property, strategically positioned amongst billions of dollars of infrastructure. Build with the market in mind and generate significant returns.

Development approved sites for 58 rooms consisting of:

- 8 North St Wandoan – 16 rooms- made up of 6 x 2 bedroom superior ensuited apartments and 1 x 4 bedroom superior apartment with 2 bathrooms and three toilets servicing the unit. Total Rooms 16.

- 1 North St Wandoan – 14 rooms – made up of 5 x 2 bedroom superior ensuited apartments and 1 x 4 bedroom superior apartment with 2 bathrooms and three toilets servicing the unit. Total Rooms 14.

- 3 Weldon St Wandoan – 14 rooms – made up of 5 x 2 bedroom executive ensuited apartments and 1 x 4 bedroom superior apartment with 2 bathrooms and three toilets servicing the unit. Total Rooms 14.

- 7 East St Wandoan – 14 rooms – made up of 5 x 2 bedroom superior ensuited apartments and 1 x 4 bedroom superior apartment with 2 bathrooms and three toilets servicing the unit. Total rooms 14.

The idea behind the development approvals is noted below:

1. Use the 58 rooms as an independent business to fulfil accommodation shortage.

2. Use the 58 rooms as an extension of a local motel or camp in town to fulfil accommodation shortage.

3. Offer accommodation to people/companies who don’t necessarily want all their staff/executives to stay in a motel/camp.

In terms of what is currently on each site please note the following:

1. Individaul Price: $150,000 - 8 North St (1,012m2 site) – Block of land

2. Individaul Price: $300,000 - 1 North St (801m2 site) – 5 bedroom renovated and furnished house – Currently tenanted for $260 per week.

3. Individaul Price: $325,000 - 3 Weldon St (809m2 site) – 3 bedroom renovated and furnished house – Currently tenanted at $210 per week.

4. Individaul Price: $275,000 - 7 East St (836m2 site) – 3 bedroom renovated and furnished house – Currently tenanted at $250 per week.

Detailed documentation on each property includes:

1. 3D Renders for the proposed development

2. Building Files

3. Current property images

4. Development Approval & Extension documents

Package all four lots for sale together for $800,000 or purchase as individual lots.

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2612MF (quote when enquiring)

Property Code: 3422

Property Summary

Motel Information

Marketing Agent
Michael Philpott
Michael Philpott

Listing location
Gallery

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