• For Sale
  • Hotel
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY
TOWNSVILLE MOTEL WITH DEVELOPMENT OPPORTUNITY

For Sale

$4,950,000 negotiable
Strand Opportunity - Going Concern or Street-to-Street Redevelopment Site. Suit Owner Operator, Astute Investor or Creative Developer.

Currently operated as holiday letting apartments, the property comprises of 2 titles with 9 x 2-bedroom, townhouse style apartments facing The Strand, with ocean views across to Magnetic Island, and 6 x 2-bedroom townhouse apartments plus 1 x studio apartment fronting Mitchell Street. In addition, the property includes an upper-level 4-bedroom manager's residence with balcony and sea views, inground pool, and undercover BBQ area. All apartments are fully furnished with new TV's. Property was repainted 3 years ago.

The property offers an opportunity for an owner operator to continue with running the existing holiday letting business or a creative developer to take advantage of the Medium Density (5-level) Residential zoning to redevelop the street-to-street site, or an astute investor to run the apartments as permanent lettings and/or possibly group-title the apartments individually for resale.

Information Memorandum available

Ref #: 8917f3b9-ed44-4b2b-b872-6c1561

Property Details