Back to previous step
Close
1 Ryrie Street, MICHELAGO, NSW 2620
Michelago
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
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
1 Ryrie Street, MICHELAGO, NSW 2620
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.
Estimated Purchase Price:*
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
One moment please.
Retrieving map...
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.
Estimated Purchase Price:*
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
