Lot 4 Shara Boulevard, OCEAN SHORES, 2483, New South Wales

18805647.full

Subject: Lot 4 Shara Boulevard, OCEAN SHORES, 2483, New South Wales

For sale

$1.5 million

Byron Shire Approved Motel Site

Property ID: 17974105

A rare commercial opportunity for the construction and development of a DA approved 30 Unit Motel/Resort and Restaurant on a 1.77 hectare site located in North Byron Shire. Perfectly situated at the corner of Brunswick Valley Way and Shara Boulevard to service the North Byron Parklands festival site which currently includes Splendour in the Grass, Falls Festival with additional events planned.This site has a strong potential for future growth and will service the dynamic Byron economic region, Property on the market at a realistic price for a motivated vendor.

Current plans include:

Ground Floor motel (20 × 1 room) units

First floor motel (5 × 1 room & 5 × 2 room) units

Managers Residence and Swimming Pool

Restaurant

Land Area1.78 hectares
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R&H Suburb SummaryHouses
Number of sales 122
Average Price $664,472
Median Price $700,000
Median Rental Price $540 p.w.
Change in Rental Rate (5yr) 38 %
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Average Price $392,247
Median Price $476,250
Median Rental Price $370 p.w.
Change in Rental Rate (5yr) 9 %
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