Located on the ever popular NSW North Coast suburb of Nelson Bay, this site is ready to be built on. Specifically designed as a tourist stay facility, the right Investor will recognize the potential.

Comprising of a 6 storey building built over 990SQM of land which is located only minutes walk to the shopping strip and all other major attractions Nelson Bay’s commercial hub has to offer.

Basement area reserved for an under ground security car space for 36 vehicles. Ground floor made up of managers living quarters, restaurant, kitchen, lounge area, gymnasium/games room, reception area and two street entrance’s. Top 4 floors of accommodation made up of 32 identical hotel style serviced apartments.

Our client had purchased the site as a retirement plan with a view to build and manage the complex as a hotel short stay holiday destination. Based on a 60% capacity rate and each room being able to return approximately $120.00 per night, this completed project could potentially return any good owner operator $1,000,000 per year.

Other notable features;

* Most units have water views from balconies.
* All units have pool and garden views.
* 2.5 hours drive to Sydney.
* Major tourism location.
* Walk to beach.
* Next to Mantra Resort.

Please follow the attached link to view via Google Maps.

https://www.google.com.au/maps/place/17%2F19+Yacaaba+St,+Nelson+Bay+NSW+2315/@-32.723741,152.144565,3a,52.5y,85.73h,88.62t/data=!3m4!1e1!3m2!1syr7QiTkQe4LrqDBmFgbbtQ!2e0!4m2!3m1!1s0x6b7383ddfac96385:0xe3556acdebbb12a4!6m1!1e1?hl=en-GB

If you have any further questions regarding this site, please call Allan Odisho on 02 9747 2222 during business hours or on 0404 448 484 at anytime.