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A new 30 year lease is being offered to the approved buyer of this previously chain branded but now freelance motel located in the best location opposite the surf beach in Ballina.
Nestled on over 3 acres of land with tropical gardens, and adjacent to the river entrance, this property is the largest motel in town offering 46 rooms of varying room configurations.
Currently undergoing a refurb upgrade, this property has resort style facilities including a Licensed bar, restaurant and three different sized function rooms. Also featuring an outdoor tennis court, saltwater pool, indoor heated spa and sauna plus a massive 99kw solar installation with battery backup and two onsite car charging stations.
The whole footprint of the property is licensed and thus allows for garden weddings and other outdoor functions for car clubs, sporting groups and the like with Ballina continuing to be an extremely popular North Coast destination. This is an ideal motel for corporate guests, group bookings mid-week, then your weekends and school holidays attract families and couples wanting to be close to the beach but in a quiet position away from the traffic and noise.
This property is suitable for an experienced operator who is looking to take their holdings to the next level. Prior to COVID-19 this motel was chain branded and mainly corporate, typically operating at lower occupancy percent, however, this summer has seen the property occupancies soar during recent months due to the resort style facilities and beachside location and is primed to take advantage of increased domestic travellers having to remain in Australia and spend money locally.
The large fully equipped commercial kitchen caters for inhouse guests, functions and restaurant customers; however the restaurant has been temporarily closed since COVID-19 hit. Functions and conference groups have already begun returning as restrictions began to ease. This is a wonderful opportunity to re-open these income streams and increase the already growing turnover.
Don’t get me wrong, this property is not for the faint hearted and suits a company or experienced operator who has a vision to expand their empire BUT not spend all their budget in attaining the same. The sky is the limit for this property under the right management.
So, call me now for a full list of capital improvements being undertaken at the property, a property memorandum or a private inspection.
Turnover: $1,461,192 for 2019/20; $1,025,413 for 2020/21 (7 months)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1565ML (quote when enquiring)
Property Code: 3695
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