Excellent Investment Opportunity- Returning 15.86 % ROI

89 Marian Street, Miles, 4415

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590,000 AUDEst. Mortgage: AUD 4,146/monthFor Sale
  • Ownership Type Other
  • Property Area 2,000 sqft
  • Bedrooms 12
  • Bathrooms 12
  • Furnished No
  • Last Updated 4th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Courtyard
  • Deck
  • Fully Fenced
  • Outdoor Entertaining Area
  • Shed
  • Air Conditioning
  • Broadband Internet Available
  • Built-in Wardrobes
  • Dishwasher
  • Pay TV Access
  • Split-system Air Conditioning
  • Split-system Heating

Property Overview

Milestone Lodge is gorgeous boutique style accommodation that can be run as either a bed and breakfast style motel, serviced worker accommodation or function and venue hire. This 100 year old building, once the original Miles Hospital, has been fully refurbished to the highest quality! In excellent condition throughout, the business has incredible potential and would suit an owner/operator boasting a Managers residence on site for convenience.

There are 12 en-suite bedrooms each with it's own private entrance from the large wrap around verandah, complete with air conditioning, foxtel/tv, WiFi, desk, bar fridge and built-in robes. The well planned renovation offers plenty of room to make yourself at home with a large communal kitchen, dining room and sitting rooms or relax and take in the quietness from the verandah. BBQ's on the deck are a perfect way to unwind with family and friends.

Set on over 2000m2 there is abundant off street parking as well room for outdoor functions or beer garden. Selling fully furnished and completely set up to start operating immediately. Set back from the main street, Milestone Lodge is quietly tucked away yet still close to the centre of town. Selling fully furnished and completely set up to start operating immediately.

* 12 Bedrooms all with en suites * Separate kitchen, dining and bar areas
* Fully furnished * Private managers residence
* Wrap around deck with * Off street parking

Located in the township of Miles, right next door to the Miles Aquatic and Fitness Centre and within walking distance to the town centre (cafe, bakery, supermarkets & hotels)
Walk to the amazing Miles Historical Village Museum to see a display of what this building used to be 100 years ago! Be quick this, wont last long

Location on Google Map

89 Marian Street, Miles, 4415

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