3 McLure Circuit
Jindabyne, NSW 2627

Overview

House and 4 Apartments + 1000m2 Vacant Land at One of Beautiful...

This unique property offers a rare opportunity to acquire a combination of residential and land assets in one of Jindabyne's most sought-after locations. The offering includes a 4-bedroom house, a 1-bedroom apartment, four 2-bedroom apartments, and a vacant land parcel of approximately 1031 square meters, all situated on McLure Circuit, a premier address in Jindabyne.

Access to the property is conveniently provided via Kosciuszko Road, granting direct connectivity to the major highway leading to the Snowy Mountains, making it ideal for both lifestyle and investment purposes.

The location is highly desirable, being within walking distance to the lake, local parks, and both the historic and modern retail and entertainment precincts. This makes the property suitable for a variety of uses including long-term residential living, seasonal rentals, or holiday accommodation, offering flexibility and potential for diverse income streams.

The residential units share a common area and laundry facility, enhancing convenience for occupants. Each apartment is equipped with individual reverse cycle air conditioning systems, ensuring comfort throughout the year. The main house also benefits from reverse cycle air conditioning and features gas cooking facilities.

For added flexibility, each residence is held under separate strata titles, although the entire property will be sold as a single package. This arrangement provides potential for future subdivision or individual sale if desired.

Details of the residential component include:

• One 4-bedroom house
• One 1-bedroom apartment
• Four 2-bedroom apartments
• One common area
• Constructed in 1978
• Land size of approximately 1265 square meters
• Existing motel license in place
• Low-cost strata management
• Legal driveway access from Kosciuszko Road
• Zoned SP4 Enterprise, offering significant development potential

The vacant land parcel at 3 McLure Circuit offers further opportunity with the following attributes:

• Land size of approximately 1030.7 square meters
• Zoned SP4 Enterprise
• Located within the Town Centre and Foreshore Catalyst Precinct under the Snowy Area Plan (SAP)
• Legal access from both McLure Circuit and Kosciuszko Road
• Connected to town water and sewerage systems
• Power supply readily available from McLure Circuit
• Near completion of NBN Fibre to the Premises (FTTP) upgrade

Investment highlights include the ownership of approximately 2300 square meters of prime land in the heart of Jindabyne, with options to land bank the vacant lot while generating income from the motel units. The zoning allows for redevelopment without floor space ratio limitations, providing excellent potential for future growth.

The versatile business model supports various rental strategies including long-term, seasonal, or holiday rentals. The current owner does not actively trade outside the winter season, indicating potential for increased revenue through year-round operation.

Inspections are available by private appointment, providing an opportunity to explore the full potential of this exceptional property.

Prospective buyers are advised to conduct their own due diligence to verify all details and suitability for their intended use.

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