Opportunity in Every Way !
This land is available to purchase with 3-buildings on it – Zoned as R3 Medium Density Residential
An opportunity to purchase 1,701 sqm land with 3-buildings on it, currently run partially as a motel known as “Rainbow Motel” comprising of 16-rooms in total. Eight rooms in new building and eight rooms in two older buildings.
Stage-1, built and completed in 2021 with 8-rooms to raise motel capacity.
Stage-2, there are approved plans for 10-rooms to develop.
The existing old buildings have 8-rooms, some of the rooms are being used for motel business and some of the rooms need renovation.
This land conveniently located on the edge of the Queanbeyan East industrial area just off Yass Road which links on to the Ellerton Drive Queanbeyan bypass. An opportunity like this do not come very often. Call now to inquire today.
Property Features Include:
Land with 3-buildings on it
Total Land Area: 1,701 sqm
Zoned: R3 Medium Density Residential
Total Rooms: 16 with bathrooms
Car Parking: 16 Spaces currently in use
Existing 2-older buildings Area: 222.50 sqm
Building 1 Area: 380.50 sqm – Completed in 2021
Building 2 Area: 544.40 sqm ( Plans Approved )
Current old building partially in use
An opportunity like this does not come very often. Call now to inquire today.
Estimated Monthly Repayment
Interest Rate (p.a)