A local Investor has purchased a 17,280sq m significant “turn key” waterside resort with upside in Port Macquarie for $6,000,000 on behalf of the Trustees for Sale appointed, Rodgers Reidy.
50 Settlement Point Road was sold with vacant possession and has an array of quality existing improvements. The 24 spacious, self-contained 2 bedroom units plus a 3 bedroom managers’ residence and ground floor reception/office area, all come with on-site parking and a ‘turn-key’ resort operation in the highly desirable Port Macquarie location.
The large scale site is in a well-known and coveted location with views of the Hastings River; and is a significant land holding with quality improvements as well as a major development opportunity (STCA).
The deal was negotiated by Nick Lower, Leon Alaban & Selin Ince of Savills Australia, together with Greg Laws of LJ Hooker.
Mr Lower said “Positioned on the highly desirable mid-north coast of NSW, 50 Settlement Point Road represents a once in a lifetime opportunity to acquire a prime, waterside resort, and we received a lot of interest from owner occupiers, investors and developers alike.”
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