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33 Magnus Street Nelson Bay

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Description

Iconic Seniors Housing Development Site

  • Largest Land in Nelson Bay CBD
  • Uninterrupted Panoramic Views
  • Strong cash flow from the existing hotel

Motion Real Estate are extremely pleased to be marketing for sale 33 Magnus Street, Nelson Bay by Expression of Interest Campaign. The property total area 6693 sqm of prime property located in the heart of Nelson Bay town centre with panoramic views of Nelson Bay and Port Stephens Harbour. The existing 44 room hotel has been well operated with solid occupancy rate and good profits, offering 6 different hotel room types.

The site offers an opportunity to create a leading-edge senior living complex in an excellent location at Nelson Bay.

Key Features:
• Largest Land in Nelson Bay CBD: 6,693 sqm*
• Unique opportunity to develop an Iconic Seniors Housing Development
• Uninterrupted Panoramic Views of Nelson Bay
• Strong cash flow from the existing hotel: Hotel P&L statement is available upon request
• Previous DA approvals for 93 over-sized serviced apartments with 6 to 8 levels buildings and basement parking: DA includes *400 guest capacity restaurant & conference facility
• Only a few hundred metres to local amenities: Nelson Bay Woolworth, Nelson Bay Marina, Nelson Bay Gold Club and Bowling Club
• Located about 2.5-hour North of Sydney and 45 minutes North of Newcastle

For further details, please contact Brian Kim of Motion Real Estate on 0401 551 910.

Inspection: strictly by appointment only

 

*Approx.

 

Disclaimer: All data is provided for information purposes only and while all care is taken in its presentation MRE(Motion Real Estate) does not guarantee or warrant the accuracy, completeness or currency of the information.

 

 

 

 

Additional Details

  • Site area
    6693m2
  • Suburb
    Nelson Bay
  • Floor area
    3200m2

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