Freehold/ Res C Development Opportunity, Restaurant and Motel
Property ID 1666458Freehold Business / Massive Development Opportunity, Restaurant with Motel, 2024m2 Res C corner block on two titles. Only a Short Walk to Bundaberg CBD, Opposite Alexandra Park & Zoo and the beautiful Burnett River, Zoned for High Density Res C for High Rise accommodation. This is a unique opportunity to purchase an iconic part of Bundaberg history, it offers a fantastic Business and/or Development Opportunity.
The Alexandra house has been in recent years been used as a restaurant and bar and still includes a full bar area and fully equipped professional kitchen and cold room. The existing restaurant is a magnificent Queenslander, worthy of any fine establishment or stately home.
The 17 Room motel is profitably run with a long term tenant and lease is in place. (Details and ROI's upon Request) The motel offers single rooms & upgraded family rooms that offer air-conditioned comfort, balconies, sitting areas and/or whirlpool baths.
The property also includes an outdoor pool, a covered BBQ area and reception area. Plenty of off street parking available.
With Res C zoning the development potentials are endless. Bundaberg Regional Council will permit up to 5 story multi unit residential accommodation and on a prime corner position with park and water views.
Develop, restore or develop this prominent site, opportunities are endless!
This is the only location in Bundaberg zoned for five storey residential accomodation, and no one has started building yet. You could be the first!!
Speak directly to exclusive listing agent Driss Doukari on 0410516309 for all property particulars and inspection times.