THE DEAL: HIGH PERFORMING MOTEL WITH 17 UNITS ON A PARCEL 1,888SQM OF PRIME DEVELOPMENT LAND

The deal: A block of 17 units returning circa $252,433 PA on a parcel 1,888sq m of land

The Albion Manor motel and apartments comprises of a 3 1/2 star complex with 16 self-contained guest rooms split over two levels, a managers office, 2 bedroom self contained residence, reception and laundry. Additional facilities include an inground pool and barbecue area, plus undercroft parking for approximately 17 vehicles.

A parcel of vacant land, separately titled, adjoins the motel property to the west, 776 m² in size and also and also designated “Low-Medium Density Residential Area LMR”.

The site is gently sloping from street level, is near regular in shape and has frontage of 17.7 m to Sandgate Road.

FOR SALE
Offers are encouraged on the entire block of 17 units on a total of 1,888sq m of land or on 402 Sandgate Road or 400 Sandgate Road separately