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Immaculate Accommodation Property over Two Titles

Located within stones throw of town centre, this well established and managed accommodation complex offers a buyer a variety of options.  

The property consists of accommodation in the following configuration;

5, 2 bedroom, 1 bathroom units (1 fully equipped for mobility access)

4, 1 bedroom, 1 bathroom units

1 fully self contained one bedroom managers cottage;

Solar volatic panels (approx 6KW), and water filtration systems add to the exceptional infrastructure available on this purchase. 

The complex also includes 2 separate portions, a tennis court, common BBQ area, reception area, laundry, storage room, underground water storage and a bore! In terms of owning and operating a tourist accommodation with good returns, this is the perfect entry point, or convert the existing units into long term accommodation - particularly the 2 bedrooms which would be an attractive offering to market. 

The property has had investment poured into it in the last 3-5 years with extensive renovations to the majority of the units and common areas. Over two portions, there are options to consolidate infrastructure onto one portion and either develop, or sell of the second portion for bulk returns. 

This is an extremely well priced entry to the market of tourist accommodation with immediate returns possible with solid forward bookings and an established brand with great wholesaler relationships in place. Alternatively, operate the units as long term accommodation for consistent returns in a busy rental market. 

Features

Verandah Barbecue Outdoor entertainment area Fenced Wheelchair access Self-contained accommodation Tennis court Level Block Water Tank Cattle Grid Solar Volatic Panels Bore gas
15 10
Address 75 New Cascade Rd, Norfolk Island
Price $980,000
Property Type Residential
Property ID 470
Category Block Of Units
Land Area 5,602 m2

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Angie Andresen

0488829154
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