SOLD

The Phone Code for this property is: 88269. Please quote this number when phoning or texting.

Tara Medical Village Motel at 153 Princes Highway Narooma is the best medium density re-development site on the entire South Coast, ripe now or land banked for later.

To sweeten this already juicy bone Tara enjoys a passing income from affordable housing for veterans, the aged and the disabled while you make your plans.

Located on the Princes Highway at Narooma and having a three street frontage this 7152 sqm site is perfectly contoured and regularly shaped for maximising content while minimising cost.

Its perfect amenity is guaranteed being located on the ridgeline between the two commercial sections of the town.

Zoned medium density residential it affords top building site, amenity and views.

Currently Tara comprises 6 major buildings, all renovated & refurbished in 2018 being

(a) 3 residential buildings totalling 1 x 5BR ocean view penthouse, 3 x 2 bedroom fully self-contained apartments, 16 x 1 bedroom fully self-contained apartments and 4 ensuite staff bedrooms;

(b) a fully equipped 100 seat restaurant with large commercial kitchen, private function area and and bar all with accessible entry plus laundry, store and workshop under.

(c) a stand alone conference room with toilet and kitchen amenities and accessible entry.

(d) a second stand alone conference room/chapel with 2 side wing ensuite support bedrooms with amenities and accessible entry.

(e) a 70 vehicle car park with multiple entrances & bus parking bay.

This fully operational complex includes all furniture, furnishings, fixtures and equipment and is easily self managed.

Due to age and deteriorating health the owner seller must pass the baton of opportunity to the next strong performer.

Only serious, self qualifying and self identifying enquiry is invited.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.