11 Mitchell Street, Tin Can Bay
Resort Style Motel & Land For Sale
Tropical Resort style Motel in picturesque Tin Can Bay.
Ideal coastal location with significant growth potential.
Excellent opportunity for owner operators to expand an established model.
Equally appealing for investors looking to tweak the model into a valuable long term passive income stream.
Currently rental income is earned under a flexible month-to-month lease, the purchaser could either continue operations as is with the lessee manager in place or create a complete new model to grow it exponentially.
The resort motel site features 12 fully serviced accommodation units, a pool, landscaped gardens with BBQ facilities, and an onsite three-bedroom residence. Occupying an acre of land, the potential to add 15 powered RV sites or caravan sites with amenities would facilitate multiple income streams.
This is a perfect land based investment with good holding income that allows a variety of development options to be considered and realised in the future. Gross anticipated income potential of $500k p.a. going forward.
Key Features:
- Expansive 3,902m² freehold landholding in ideal coastal location
- 12 guest units, 1 manager's residence, landscaped grounds & in-ground pool
- Projected gross profit circa $500k p.a.
- Gateway to Fraser Island
- "Nature & Marine Gateway" tourism zone, enhancing long-term value
For further details or to lodge an EOI Contact Tom Forde on 0417 333 335 or email tom@fordeproperty.com.au
Ideal coastal location with significant growth potential.
Excellent opportunity for owner operators to expand an established model.
Equally appealing for investors looking to tweak the model into a valuable long term passive income stream.
Currently rental income is earned under a flexible month-to-month lease, the purchaser could either continue operations as is with the lessee manager in place or create a complete new model to grow it exponentially.
The resort motel site features 12 fully serviced accommodation units, a pool, landscaped gardens with BBQ facilities, and an onsite three-bedroom residence. Occupying an acre of land, the potential to add 15 powered RV sites or caravan sites with amenities would facilitate multiple income streams.
This is a perfect land based investment with good holding income that allows a variety of development options to be considered and realised in the future. Gross anticipated income potential of $500k p.a. going forward.
Key Features:
- Expansive 3,902m² freehold landholding in ideal coastal location
- 12 guest units, 1 manager's residence, landscaped grounds & in-ground pool
- Projected gross profit circa $500k p.a.
- Gateway to Fraser Island
- "Nature & Marine Gateway" tourism zone, enhancing long-term value
For further details or to lodge an EOI Contact Tom Forde on 0417 333 335 or email tom@fordeproperty.com.au
