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DA APPROVED BOUTIQUE HOTEL DEVELOPMENT SITE IN THE HEART ...

80 & 82 Cullen Street, NIMBIN NSW, 2480

For Sale

Property for Sale in 80 & 82 Cullen Street, NIMBIN NSW, 2480

Ray White Commercial GC South

2 Classic Way, Burleigh Waters, QLD 4220

Listing ID:
11318465
Status:
Active
For:
Sale
Price:
$1,950,000
Last Updated:
15/01/2020
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Property Type

Retail
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Land Area

2640 SQM
Icon size

Floor Area

1 SQM
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Parking

N/A

DA APPROVED BOUTIQUE HOTEL DEVELOPMENT SITE IN THE HEART OF NIMBIN

A truly unique opportunity in the main street of Nimbin, which is a highly visited tourist destination in NSW, along with Byron Bay.

This dual site has taken over 10 years to obtain Development Approval and will be the only modern travel accommodation in Nimbin, an incredible monopoly.

It has the world famous Oasis cafe as an existing tenancy, ready to service the taste buds of visitors and guests. No restaurant required. A huge construction and staffing saving!

This asset has considerable holding income during the development stage and loyal continuing customers after completion. Due to health reasons, this is a forced sale and a dream for another to complete.

- DA approval for 24 room boutique hotel plus already built Commercial businesses.
- Current Gross holding Income $128,277* (excluding recoverable outgoings)
- 11 Tenancies including Residential and Commercial, almost 100% occupied during 10 years of ownership.
- After construction, it will be the only modern travel accommodation in Nimbin and comes with historically proven commercial income.

For further information or to arrange an inspection, please contact Jared Hodge on 0404 809 580 or Aaron Neylan on 0401 282 299.

For more details, please email agent


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Ray White Commercial GC South

2 Classic Way, Burleigh Waters, QLD 4220


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