AN ICONIC motel in the tourist hub of Canungra has been placed on the market for $995,000.
The two-storey Canungra Motel presents a rare investment opportunity in the Gold Coast Hinterland and sits on 1429 sq m.
Located at 45 Christie Street, it comprises 10 ensuited bedrooms, a manager’s residence, in-ground swimming pool and an income producing gift shop ‘Flutterbys’, a popular haunt for locals and tourists.
Just Real Estate Investments director Tony Grbcic, said the property presents a golden opportunity for those looking for a secure and thriving long-term investment in the rural heartland of Canungra.
“Rarely do these kinds of properties come onto the market and we expect to be inundated with enquiry from local investors,” said Mr Grbcic.
“The current vendors have had many successful years in Canungra, but have decided to hang up their aprons and retire.”
Buyers should be quick to secure a solid investment in a prime location with access to so many local amenities.
“Canungra is a developing business hub, well known for its surrounding tourism operators and it’s well supported by visitors all year round,” said Mr Grbcic.
“Canungra is home to many tourist attractions including Lamington National Park, award-winning wineries, the mountain resorts of Binna Burra and O’ Reilly’s and waterfalls and lookouts that reveal one of the most extensive subtropical rainforests in the world.
“The property boasts the ideal location close to vital amenities including a post office, doctor’s surgery, chemist, dentist, supermarket, service stations and local farmers markets.
Mr Grbcic said in recent times, motels have proved a resilient tool for the astute investor, with the potential to yield significant capital growth over time – particularly where there’s a strong drive market.
With 28 years experience in all facets of the property industry, Just Real Estate Investments is a boutique agency, specialising in prime development sites, commercial, industrial and investment properties.
For more information regarding Just Real Estate Investments please contact (07) 5591 9560 or visit www.jrei.com.au.