FOR OWNER OCCUPIER OR INVESTOR WITH DEVELOPMENT UPSIDE’Cooks Endeavour Motel’ prime freehold for genuine sale W.I.W.O.

21 Room Motel with 4 Bedroom Managers residence in the heart of bustling Tweed Heads / Coolangatta.

FEATURES:
- 21 Room Motel
- 4 Bedroom Managers residence
- Large pool and spa
- Total land area: 1859 sqm with dual road access.
- Building area: 1070sqm.

FINANCIALS:
Based on averaged figures over 5 years of owner operated trading.
- Total turnover $400,000
- Nett Return $290,000
- 2012 to 2014 seeing significant increase to prior year.
- Email agent for actuals.

DEVELOPMENT & ZONING:
- Prime opportunity for multi unit residential high rise.
- Zoning: R3 Medium density residential under Tweed City Centre LEP 2012.
- Attractive Development site (potential for water views of ocean & river)

LOCATION:
- Prime positioned opposite Tweed Heads Centro Shopping Centre.
- Easy level walking distance to Tweed River, Coolangatta Beach & Twin Towns Services Club.
- Close proximity to public transport, Tweed Heads hospital, Southern Cross university & Coolangatta Airport.

SALE:
Genuine owner selling for retirement OFFERS AROUND $3,300,000

Full details including financials for the past 5 years contact Peter Antony, for Information Memorandum.