Property Description

2612MF - Development Site in Accommodation Shortage Area with Huge Upside

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. 8 North St (1,012m2 site) – Block of land

2. 1 North St (801m2 site) – 5 bedroom renovated and furnished house – Currently tenanted for $250 per week.

3. 3 Weldon St (809m2 site) – 3 bedroom renovated and furnished house – Currently tenanted at $190 per week.

4. 7 East St (836m2 site) – 3 bedroom renovated and furnished house – Not tenanted currently

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. Owners will look at all offers.

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

Property ID: 2612MF (quote when enquiring)

Property Code: 3422