Property Details

Price $2,450,000
Property ID 844930

Motel for Sale - NSW BEST COASTAL ADDRESS

Description: One of NSW's best coastal addresses. Adjacent to water and marina, 100m to sports club, fishing, surfing and boating. It does not get any better.

AAA Rating: 4 star + 3½ star

Construction: Double brick with tile roof, concrete foundations and brick wall partitions. All single level. Excellent unit variations including 6 large motel units and 9 large self-contained units. Quality 4-star appointments. First class presentation.

Residence: 3 bedroom with built-ins and ensuite. Large lounge/dining, breakfast room, study, bathroom, share kitchen and garage. Near new. Large family residence. Adjoins reception.

Age: Built 1980 - 2003

Clientele: Corporate, marina trade, tourists, local travellers, interstate visitors.

Land Area: 4044sqm approx.

Tariffs: Standard $95- $185; 4-star units $105- $295; Extra Person $25

Chain Affiliation: No

Lease: No

Laundry: Maytag heavy duty equipment. Sheets hired, remainder done on-site.

Restaurant: No, short walk to club.

Services: Room service breakfast, ½ tennis court, split-air, inground pool, cooking facilities (9), BBQ, fire rated, foxtel, wireless broadband.

Turnover: $345,726 2015/2016; $330,339 2013/2014

Occupancy: 62.2% approx.

Comment: A very rare find situated in North Coast seaside town. Voted NSW's best addresses. Large land zoned 2T (tourist/high density residential). As new presentation. DA approved for 2 more large units. Vendor finance available to approved purchasers.

MQ Property ID:
844930


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