Watch Watch
Your home of Development Ready videos
Watch Watch
Back
Sold Check

1 Ryrie Street, MICHELAGO, NSW 2620

+1 Photos
×
Sold Check
+3 Photos
1 Ryrie Street, MICHELAGO, NSW 2620

1 Ryrie Street, MICHELAGO, NSW 2620

Properties / Sold / New South Wales / Michelago
Development Potential

1. Property Summary

Property Type
Mixed Use
Land Area
6.60 hectares (*approx)
Selling Method
Auction: Auction - 11am (AEST) Thursday 27 October 2022
Show All

2. Property Highlights

Mixed use development* site located on major transport corridor

1 Ryrie Street, Michelago provides a high exposure property located along the Monaro Highway at the entry to Michelago Village, with outstanding exposure to daily passing traffic from Canberra, Cooma and the Snowfields.

The 6.6Ha**. site features a Service Station is currently leased to September 2022 (that is in the final stages of being renewed for another 5 years), and a vacant 6-bedroom/ensuite motel with restaurant, bar, kitchen, alpine lounge and seating for 130 guests.

In addition to the recent improvements, the property previously featured Development Approval for 18 large rural/residential housing lots which could be revisited by prospective purchasers. Value enhancement opportunities also exist to operate or tenant the vacant motel or explore alternative development options* long-term.

Michelago's proximity to the ACT and Cooma has generated increasing interest from strategic purchasers, and opportunities to acquire income producing land banks with upside are limited.

*Subject to Council Approval **Approx.

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Mixed Use
Land Area
6.60 hectares (*approx)
Selling method
Auction: Auction - 11am (AEST) Thursday 27 October 2022

2. Property Highlights

Mixed use development* site located on major transport corridor

1 Ryrie Street, Michelago provides a high exposure property located along the Monaro Highway at the entry to Michelago Village, with outstanding exposure to daily passing traffic from Canberra, Cooma and the Snowfields.

The 6.6Ha**. site features a Service Station is currently leased to September 2022 (that is in the final stages of being renewed for another 5 years), and a vacant 6-bedroom/ensuite motel with restaurant, bar, kitchen, alpine lounge and seating for 130 guests.

In addition to the recent improvements, the property previously featured Development Approval for 18 large rural/residential housing lots which could be revisited by prospective purchasers. Value enhancement opportunities also exist to operate or tenant the vacant motel or explore alternative development options* long-term.

Michelago's proximity to the ACT and Cooma has generated increasing interest from strategic purchasers, and opportunities to acquire income producing land banks with upside are limited.

*Subject to Council Approval **Approx.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

3. Property Location

1 Ryrie Street, MICHELAGO, NSW 2620

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
1 Ryrie Street, MICHELAGO, NSW 2620 Michelago