Property Details

Price FREEHOLD FOR SALE $2,500,000


Description: South Coast. Mix of motel units plus 1 & 2BR apartments with spectacular ocean view. Central location opposite busy club. 4 Star standard inspection with fully self-catering kitchens. One of the newest accommodation venues in the area. Very large family residence. Ideal business for couple with low maintenance, near new property.

Construction: 2 storey brick and clad construction with colorbond roof and brick partitions. Built 2006. 4 x Motel units, 4 x 1BR apartments, 4 x 2BR apartments. Very well constructed and in very good 'as new' condition. Large, modern and with fantastic ocean views. Presents very well.

Residence: 3.5 bedroom (2 x walk-in-wardrobes), kitchen, lounge, dining, bath, shower, toilet, garage. Refurbished in 2006 when the motel was built. Residence is a very large family residence with spectacular entertainers kitchen and the most magnificent views from nearly every window.

Age: Built 2006

Clientele: Reps, workers, fishing trade, tourists, interstate travellers, passing trade.

Land Area: Approx. 1,683 metres square

Tariffs: Single $120-$180; Double $130-$190; Extra Person $10; 1BR Apartment $150-$200; 2BR Apartment $180-$280.

Laundry: Commercial laundry. Sheets Hired. 2+ changes of linen. Units have their own laundry.

Restaurant: N/A

Services: Reverse cycle split system air-conditioning; 8 kitchenettes; parking in front of units.

Turnover: $250,000; Nett: $135,000 (Adjusted 5 Year Average)

Comment: Easy to run. Keen husband and wife team will increase revenue and benefit from a relaxed coastal lifestyle with such a modern low maintenance property.

MQ Property ID:

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