Property Details

Price $2,250,000
Property ID 4094479

MOTEL FOR SALE- SOUTH COAST - VIEWS TO OCEAN & HARBOUR

Description: South Coast consistent performer in busy growth location. With major improvements to the Princes Highway this area must grow strongly in value in the coming years. 2,800m land, 300m to the post office and shops, view to the ocean and harbour. Modern refurbished residence ideal for family with large living area. All this and only 3 hours from Sydney.

Rating: 3.5 star

Construction: 13 units. Single level brick construction with flat cliplock roof and brick partitions, in very good condition for age. Tastefully decorated with modern touches. Soft refurbishment completed.

Zoning: Approved for 14 Metres

Residence: 3 bedroom with built-ins, 'commercial-style' kitchen, combined lounge / dining, shower/toilet, triple garage, rear courtyard. Very modern, refurbished residence. Perfect for family. Large with modern décor.

Age of Building: 1967

Clientele: Reps, passing trade, tourists, short break holiday trade.

Land Area: Approx. 2,800 m2

Tariffs: Single $95 - $105; Double $95 - $105; Family $150-$130; Extra Person $15

Chain Affiliation: No

Lease: No

Laundry: Domestic. Own towels - laundered in house -all other linen hired.

Restaurant: N/A

Services: Reverse cycle split system air-conditioning, gas BBQ, inground pool, cooking facilities in family room, parking in front of rooms.

Turnover: 2017 $299,977 – 2016 $297,725 - 2015 $244,291

Occupancy: 56% approx.

Comment: Fantastic location with a surprisingly modern three bedroom family residence. Strong, consistent performer. Owners have been updating and rooms are quite tasteful. Owners obligated elsewhere, leaving a great starting point to take it to the next level. Suit motivated owner operator.

MQ Property ID: 4094479


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