29 SHORE STREET EAST, CLEVELAND offered “For Sale” either in one line or separately, this represents a unique opportunity to buy a recently refurbished and highly profitable freehold motel complex, plus an additional development site with an existing DA. Option 1- Motel $3.2 MILLION Existing motel complex erected on 2023m2 site oned ‘Medium Density’- Residential 1 (MDR1) with 17 x 1 bedroom units, 1 x 2 bedroom unit, 4 x 2 bedroom villas (villas are built on the rear parcel of land- see Option 2 below), restaraunt, pool and an on site managers unit. The buisness currently provides a turnover of approximately $675,000 per annum and a nett profit of approximately $380,000 per annum. This includes wages of approximately $100,000 for the on site management team. This property has a wide frontage to Middle Street. Option 2- Residential Development Site $2.4 Million 1442m2 site zoned ‘Medium Density- Residential 1 (MDR1)’ with an existing Development Approval for twenty (20) luxury units over five (5) levels. [(the site currently has the 4 x 2 bedroom villas (part of the motel) on site. A demolition approval exists for this building.)] This includes two (2) penthouse apartments with potential for uninterrupted views over Raby Bay and Moreton Bay. This property has a wide frontage to Shore Street East. For further details contact- Nathan Moore- 0413 879 428 Michael Keddy- 0403 181 272