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Motel For Sale - Idyllic North Coast Location - 200m To Water Reduced To Sell - Was $5,950,000 - Now $5,650,000 For Sale

New South Wales, Australia
Asking Price:
$5,650,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Positioned on the main street, adjacent to the bowling club and a short walk to the marina. This town is rated as one of the best coastal addresses on the eastern seaboard of Australia. Properties in the area are very tightly held.

Star Standard: 3½ star

Construction: Two storey brick with clip-lock iron roof and brick wall partitions. Good medium to large units and bathrooms. Appointments are in very good condition. Great inspection.

Residence: 2 bedroom with built-ins, large living and dining area, bathroom, share motel kitchen, lockup garage, private yard and balcony. Very good modern residence - joins reception.

Age: Built in 2 stages 1981 - 2003

Clientele: Reps, tourists - international and Australian, passing travellers, fishing and surfing market.

Land Area: 1,565sqm approx.

Standard Tariffs: Single From $140; Double $150 - $240; Extra Person $25
These tariffs substantially increase for holiday periods

Chain Affiliation: No

Laundry: Commercial equipment. Linen all owned. Sheets sent out.

Restaurant: No - opposite bowling club.

Services: Room service breakfast, microwave ovens, gas BBQ, in-ground pool, split system reverse-cycle air conditioning, parking, fire rated.

Turnover: 22/23 Financial Year Approx. $900,000

Comment: Motel diagonally opposite the new bowling club and country link coach stop. Close to marina. Walk to shops. 200m to water. Excellent residence. Great value.

MQ Property ID:

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