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Land-Bank with Income!

31 George Crescent, FANNIE BAY NT, 0820

For Sale

Property for Sale in 31 George Crescent, FANNIE BAY NT, 0820

Ray White Commercial NT

1, 43 Cavenagh Street, Darwin, NT 0800

Listing ID:
11368500
Status:
Active
For:
Sale
Price:
AUCTION
Last Updated:
04/12/2019
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Property Type

Other/Hotel/Leisure/Hotel/Leisure
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Land Area

1030 SQM
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Floor Area

1030 SQM
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Parking

11

Land-Bank with Income!

Iconic ‘Bayview Lodge', a Fannie Bay landmark, on a premium 1,030m2 corner block with dual street access; zoned MD for multiple dwellings - this is an excellent investment opportunity in an established accommodation house with income, with future development potential, and/or alternative uses to explore.

Positioned on a prime Fannie Bay site with dual street access and 11 onsite car parks; this double storey boarding house consists of 25 bedrooms, self-contained caretakers flat, and communal facilities including kitchen, coin-operated laundry, games room, lounge, female and male bathroom facilities, outdoor spa, and landscaped fenced gardens.

Each bedroom is air-conditioned and consists of a bed, wardrobe, fridge and television; and ‘Bayview Lodge' is fully approved and registered as a Boarding House, as well as a Commercial Visitor Accommodation Business.

There is the opportunity to live onsite and continue to run as a ‘going concern', whilst benefiting from the wonderful lifestyle this location and surrounds offers…just perfect for a sea-changing single or couple!

Bayview Lodge is located within walking distance to East Point Reserve, Darwin Sailing Club, Fannie Bay, Sunset Beach, local shops and cafes; as well as being in close proximity to local schools, turf club, sporting facilities, and approximately 10 minutes to Darwin CBD.

Land-banking investors, developers, sea-changers seeking a lifestyle with income, or operators looking for a prime site to run an alternate accommodation style business - should take a serious look at this very unique opportunity.

Subject to relevant approvals there is a variety of possible future scenarios, and in this blue-chip bayside location - the potential for significant capital gain is crystal clear!

If you have any interest at all, you will need to contact Nick Syrimi immediately - do not wait a second, as an opportunity as rare as this one is most certainly one well worth considering… Can you even imagine what this site will be worth in the years to come!

Auction Location: On Site

Area Under Title: 1,030m2
Council Rates: $4,140 Per Annum (Approximately)
Easements: None Found
Vendors Conveyancing Agent: Darwin Conveyancing
Year Built: Circa 1969
Zoning: MD (Multiple Dwelling)

For more details, please email agent


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Ray White Commercial NT

1, 43 Cavenagh Street, Darwin, NT 0800


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