Price Undisclosed

20 Bed  •  18 Bath  •  0 Car  •  1619m²

Main view of Homely apartment listing, Address available on request
Second view of Homely apartment listing, Address available on request
Third view of Homely apartment listing, Address available on request
+2

Sold

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Price Undisclosed

  • 20
  • 18
  • 0
  • 1619m²

Apartment Sold on Tue 17 Mar, 2015

What's around Long Jetty

Apartment description

“Coastal Freehold Motel. 2 Titles. Great Income. Huge Future Development Potential.”

Located between the lake and the beach is The Buccaneer Motel. With great exposure on the Central Coast Highway capturing passing traffic of approx. 30,000 cars each day.
After owner operation for the past 11 years this is your opportunity to enjoy a relaxed coastal lifestyle for those who enjoy dealing with happy travellers. This motel is easy to operate, has a large repeat client base and all laundry is washed off site.
Profits are in excess of 100k per annum and could be increased substantially to the right operator willing to invest some extra time and money.
Currently there are six 1 bedroom units and 11 ground floor motel rooms all double brick construction, tiled, low maintenance with air conditioning and televisions. There is a guest laundry, BBQ courtyard area and plenty of off street parking.
Set over 2 freehold titles covering 1619sqm, zoned B6 Enterprise Corridor and with a new height limit of 9.5m this property offers massive future redevelopment potential.
On top of all of this is a lovely 3 bedroom family home, office, reception and commercial kitchen perfect for owner occupier or on site manager.
This is a fantastic investment opportunity, enjoy the lifestyle and watch your money grow.

Property Code: 1087

Land details

Area: 1619m²
Fourth view of Homely apartment listing, Address available on requestView more
Fifth view of Homely apartment listing, Address available on requestView more

Contact the real estate agent

Karl Snopek

Ray White - Coast Edge

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