Motel 394

Freehold:  $1,950,000

This 20 room 3½ motel is on two hectares of land.  It has a restaurant which is used very rarely, and a large three bedroom manager's residence.  Its most important feature is a DA approval for 49 serviced apartments.  This part of the south coast is crying out for serviced apartment accommodation, and the first three stages of the development can be built without disrupting the motel trade.

It may be possible to allow up to 30% permanent accommodation and it may be possible to alter the plan to allow for two storey accommodation on the southern boundary.  This will make a total of 60 to 70 units and the price of the site less that $30,000 per unit. 

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