CBRE is pleased to exclusively present for sale two accommodation properties featuring The Isla, a design-led coastal hotel and the Kon Tiki Apartments via offers to purchase.
Investment Highlights:
- Two freehold beachside accommodation assets in a sought-after coastal region near Sydney (4hrs) and Canberra (2hrs), benefiting from reduced competition due to recent demolition of two properties in the Batemans Bay area, alongside strong market demand leading to a positive trade effect.
- The Isla, a newly renovated boutique hotel with 1970s seaside chic design by award-winning architects, offers substantial depreciation benefits.
- The Isla and Kon Tiki Apartments, offered with vacant possession, provide flexibility for rebranding and repositioning strategies.
- The large 3,238sqm land parcel offers potential for a residential redevelopment or repositioning of the Kon Tiki Apartments, enhancing asset value and return. Stewart Architecture has created a proposed residential scheme, featuring 58 two and three-bedroom apartments with ample parking, which presents a valuable investment opportunity to address the ongoing housing shortage on the NSW South Coast.
- The hotels operate with no on-site management, keyless entry, contractor cleaning, and curated vending machines, resulting in superior profit margins.
- With recent refurbishment, The Isla offers trading upside potential, and aligning Kon Tiki Apartments could drive ultimate profitability through operational synergies.
- A prime location with breathtaking ocean views, making it an attractive option for residential development potential.
For more detailed information regarding the property or to organise an inspection, please contact the exclusive agents.
