Brilliant opportunity to own a motel with one 4-bedroom home, one 1-bedroom apartment, four 2-bedroom apartments and 1031m2 vacant land located in McLure Circuit, Jindabyne's premier address. Street access is from Kosciuszko Road for direct access to the major highway through to the Snowy Mountains.

Located a short stroll from the lake, park and both the historical and new retail and entertainment centres these properties are perfect for use as either investment or lifestyle residences, or with seasonal rentals, enjoy a mixture of both.

Other features include one common area and a shared laundry facility for the four apartment units. Each unit also has separate reverse cycle air conditioning. The house also has reverse cycle air conditioning as well as gas cooking.

For maximum flexibility, the residences are on separate strata titles, but will be sold together.

Particulars on Motel:
• One 4-bedroom house
• One 1-bedroom apartment
• Four 2-bedroom apartments
• One common area
• Age: built in 1978
• Land size 1265m2
• Existing Motel License
• Existing low-cost Strata Management
• Legal drive access from Kosciuszko Road
• SP4 Enterprise Zoning with huge development potential

Particulars on 3 McLure Cct Vacant Lot:
• Address: 3 McLure Cct Jindabyne
• Land size: 1030.7m2
• Zoning: SP4 Enterprise
• Precinct under SAP: Town centre and foreshore catalyst precinct
• Legal access from both McLure Cct and Kosciuszko Road
• Town water & sewerage
• Power readily available from McLure Cct
• NBN FTTP upgrade near completion on McLure Cct

Investment Highlights
• Rare opportunity to own 2300m2 of prime land in the heart of Jindabyne
• Option to land bank 3 McLure Cct while the motel providing a positive income
• Option to purchase vacant lot alone
• SP4 Enterprise Zoning allows great re-development potential without FSR limitation
• Versatile business model with self-contained units: long-term rental, seasonal rental, or holiday rental
• Current owner does not actively trade in non-winter seasons, leaving great potential in revenue from year-round trade

Inspections are available by private appointment.



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The Phone Code for this property is: 59528. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.