About the Business

Description: South Coast consistent performer in busy growth location. With major improvements to the Princes Highway this area must grow strongly in value in the coming years. 2,068m land, 300m to the post office and shops, view to the ocean and harbour. Modern refurbished residence ideal for family with large living area. All this and only 3 hours from Sydney.

Rating: 3.5 star

Construction: 13 units plus 3 bedroom, 2 bathroom house. Single level brick construction with flat cliplock roof and brick partitions, in very good condition for age. Tastefully decorated with modern touches. Soft refurbishment completed.

Zoning: R3 Medium Density Residential

Residence: 3 bedroom with built-ins, 'commercial-style' kitchen, combined lounge / dining, shower/toilet, triple garage, rear courtyard. Very modern, refurbished residence. Perfect for family. Large with modern décor.

Age of Building: 1967

Clientele: Reps, passing trade, tourists, short break holiday trade.

Land Area: Approx. 2,068 m2

Tariffs: From $160 - $120 Per Night

Chain Affiliation: No

Laundry: Yes

Kitchen: Commercial

Restaurant: N/A

Services: Reverse cycle air-conditioning; BBQ; microwave oven and tea and coffee making facilities in rooms; Wi-fi; parking in front of rooms.

Turnover: 2023/24 $399,575 (up to April only); 22/23 $467,154; 21/22 $348,981 (part time trade due to renovations)

Occupancy: 64% approx.

Comment: Fantastic location with a surprisingly modern three bedroom family residence. Strong, consistent performer. Development and tourist hotspot. Recently renovated. With R3 zoning and two road frontages this site offers a unique potential to land bank for future development.

MQ Property ID: 1P2916


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