20 Boundary Street, Port Macquarie, NSW 2444

Floor Area:

49540sqm

Land Area:

49540sqm

For Sale

$3.3 Million excluding GST

Land bank with cash flow and Future Development Opportunity

* Surplus to owners requirements

• Large land area 49,540 sqm approx

• Zoned RE 2, Private recreation - Permitted with consent - Aquaculture; Camping grounds; Caravan parks; child care facilities; Community facilities; Emergency services facilities; Information and education facilities; Kiosks; Recreation areas; Recreation facilities (indoor); Recreation facilities (major); Recreation facilities (outdoor); Respite day care centres; Restaurants or cafes; takeaway food and drink premises; Water recreation structures

* Appears to be highly suitable for a cabin/caravan park re-development as site has the appropriate land zoning, close proximity to town, super market close by, river closer by or health and wellness retreat or perhaps elite sports facility as its close to regional stadium and sports fields

• An outstanding opportunity with future development upside (STCA).

• Only 4.1km from the CBD

• Improvements comprise main "club" building of 566 sqm approx., plus detached functions buildings of 250 sqm approx

• Other improvements comprise 3 bowling greens, maintenance shed/s and and onsite car parking - estimated 200 spaces

• A large tidal dam / retention basin to the western side of the lot is utilised with the ground lease to Hydro Golf and Putt Putt Golf.

• The majority of site vacant and available for additional development (STCA) and/or continued usage /adaption of existing improvements

• 4 leases in place over portions of site which allows good holding income of Gross $110,000 PA approx. PLUS residual site area / buildings available to secure extra lease income and/or further develop or seek vacant possession of main buildings for your own business uses

* Council Rates $9,652.00 PA approx, rateable value $500,000 Approx

Note: Improvements relating to the Put Putt Golf / Hydro Golf, Womens Shed and recycling collections infrastructure are the ownership of the respective lessee's and excluded from the sale.

arrange an inspection, please contact

* Call Raine & Horne Commercial

Luke Horton 0417 406 414

Shop 3, 136 William Street, Port Macquarie

T : 02 6584 0544

* We have obtained all information in this document from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations

Luke Horton

Director

Got a property to sell? Contact us for a free Request Appraisal

Property Info:

Property ID: L1184469
Property Type:Hotel/Leisure
Building / Floor Area:49540 sqm
Land Area:49540 sqm

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