RIVERGLEN CHALETS - $5000000

Description

Nestled amongst huge karri, marri, jarrah and peppermint trees lies this stunning five acre resort situated on the north western fringe of the Margaret River townsite. With rolling grassed hills, secluded chalets tucked away amongst magical gardens and a creek traversing throughout, this resort encompasses everything guests would expect in a visit to Margaret River. For both the guests and the proprietors of this special property the true value is underpinned by three major assets - the quality of the existing development, the opportunity for expansion and the fantastic location, being just walking distance to the river and CBD of Margaret River. Having the benefit of backing on to National Park on both sides gives that feeling of seclusion and the charm of being amongst nature, a rare combination of town's doorstep. For the astute investor, being able to not only acquire river Chalets but also the old veterinary property will allow future owners to consolidate on the current business, and expand into a new dimension only limited by imagination. the site could easily sustain a substantial growth in accommodation development, with capacity to increase the amount of chalets on site to 20, or possibly even 25 units. In short, this investments provides a unique opportunity to acquire a stable performing asset providing potential in terms of future operations, management and further development. The property currently consists of fourteen timber chalets positioned amongst breathtaking fully reticulated and landscaped gardens . Also located on site is a full sized home which provides residence for management and a separate function room with bar, barbeque facilities, games and activity equipment which can double as a conference venue for professional groups or undercover reception area. Every chalet streams with light, enticing the beauty of the outside in. Wooden detailing throughout the chalets, cosy fires, tasteful furniture, fittings and private sunny verandahs are just some of the standard features of every chalet. In addition to these standard features, there are various grades of chalet, ranging from studio apartments to spa chalets. The owners seek Expressions of Interest on both properties and will consider individual tenders on either lot or a tender for the two properties combined.