RARE OPPORTUNITY - THREE PROPERTIES - NEW ENGLAND AREA

$5,500,000

Two properties collectively provide 45 rooms (with ensuites) with the third property being a complex of seven one bedroom villas. Double brick construction. Fully air-conditioned. Extensive furnishing and equipment.

Collectively, these three properties provide accommodation to over 100 workers and operate under a single Services Agreement with a top ASX company. Currently returning over 10% per annum under local management, and with the current owner (based in Sydney) required to spend less than 5 hours per week on overseeing the business.

The three properties are located on two large blocks of land (8,583m2 and 7,563m2) and there is significant opportunity for further value to be obtained by completing an already approved subdivision and developing unused land strategically located on the New England Highway.

Shortage of accommodation in this town. Rare opportunity.

MQ ID 1P2862