Colliers are please to present the former Atlantic Hotel for sale via auction, a high-profile corner allotment with massive exposure to over 24,000* vehicles per day and on a site of 2,216 square metres*. The property has been partially renovated and offers a fantastic value add opportunity to either continue works or develop the large land allotment. Current short term lease in place returning $56,000pa. Also offers potential for medical practice or residential development (STCA).
- Site area of 2,216sqm*
- Partially renovated building of 650sqm*
- Leased to February 2023 returning $56,188pa
- Renovations include residence, commercial kitchen, indoor/outdoor seating areas
- Two street frontages with 40m* of exposure to Midland highway
- Value add opportunity with further development (STCA)
- Over 24,000* vehicles passing each day
- General residential zoning

Please note:
Out of respect for the Queen's passing, we have postponed the public auction until Thursday 6th October at 12pm on-site.

For further information, please contact Colliers agents Charles Kennedy on 0431 914 7... or Bowen Kemp on 0457 239 549.

*Approximately.