Positioned on Tourist & Residential RD6 Land with 7 Storey Height Limit this ex motel consists of 11 fully self contained studio apartments spread over 2 blocks of prime beachside land, each apartment has stable and secure tenants returning $190 pw or combined income of Approx $108,000 Gross PA.

Features:

* 11 x 1 Bedroom Self Contained Apartments
* Parking For Each Apartment
* Spread Over Two Blocks Of Land On Separate Titles
* 50 Metres To Beach
* 825m2
* RD6 7 Storey Height Limit

This golden opportunity to invest, landbank or develop beachside in beautiful Palm Beach has never been better.

The owner understands the current property market and their instructions are very clear THIS PROPERTY MUST SELL AT AUCTION OR BEFORE.

Auction On-Site Sat March 6th 1:30PM 2010

A sustainability declaration is available for viewing in our office or by contacting the agent.