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  • For sale
Mixed use development* site located on major transport corridor - #1
Mixed use development* site located on major transport corridor - #2
Mixed use development* site located on major transport corridor - #3
Mixed use development* site located on major transport corridor - #4
Mixed use development* site located on major transport corridor - #5
Mixed use development* site located on major transport corridor - #6

For Sale

Expressions of Interest closing 23rd Feb 2022 Michelago
1 Ryrie Street, Michelago provides a high exposure property located along the Monaro Highway at the entry to Michelago Village, with outstanding exposure to daily passing traffic from Canberra, Cooma and the Snowfields.

The 6.6Ha approx. site features a Service Station leased until September 2022 with a further two 5-year options, and a vacant 6-bedroom/ensuite motel with restaurant, bar, kitchen, alpine lounge and seating for 130 guests.

In addition to the recent improvements, the property previously featured Development Approval for 18 large rural/residential housing lots which could be revisited by prospective purchasers. Value enhancement opportunities also exist to operate or tenant the vacant motel or explore alternative development options* long-term.  

Michelago’s proximity to the ACT and Cooma has generated increasing interest from strategic purchasers, and opportunities to acquire income producing land banks with upside are limited.

*STCA **Approx.

For more information or to arrange an inspection contact Colliers.