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 MILLION Existing motel complex erected on 2023m2 site zoned ‘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), restaurant, pool and an on site managers unit. the business currently provides a turnover of approximately $600,000 per annum and a nett profit of approximately $300,000 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 $2.5 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. Contact Nathan Moore – 0413 879 428 or Michael Keddy – 0403 181 272