This 17 bedroom existing ex-motel is currently returning over $100,000 pa and could easily be rejuvenated or redeveloped.

The 3086m2 site includes extra land which hasn’t been developed and is close to an international event golf course, an airstrip currently being considered to be re-used for commercial liners once again and a marina just down the road. (See location shots attached)
Only minutes away from beautiful Lake Macquarie in a highly visible location on bus routes.
The block is almost level and has a 20 metre in-ground pool and large BBQ area, a site for parking motor-homes, boats and caravans or redevelop the space with extra accommodation.
Currently being used for longer term cheap rental accommodation.

This is a CASH COW just waiting for someone to maximise the returns.
For further information, contact Tony Wansey on 0412 478222 or (02) 4014 1900.