MOTEL - FREEHOLD-INVESTMENT FOR SALE - RARE OPPORTUNITY - MID NORTH COAST

SOLD

Description: Rare opportunity to purchase a good size investment property with growth potential. Property has varied income streams from the restaurant, function centre, motel and self-contained cabins. One of NSWs fastest growing regions. Moderate year round climate.

Star Standard: 3.5 star (self-rated)

Construction: 24 units & 4 cabins. Motel is of brick construction with tile roof and brick partitions. Very well maintained and presented.

Interior: Units range in size from 21m2 to 35m2. Very well furnished to high standard. Units ae very clean with all modern facilities.

Tariffs: Single $110-$145; Double $125-$165; Family (4) $140-$185; Extra Person $15-$25

Chain Affiliation: No

Lease: Expires 2034

Rent: $109,128 Per Annum exclusive of GST / $9,094.15 per month

Laundry: Commercial Laundry - Sheets Hired. Guest Laundry.

Restaurant: Yes - currently closed due to COVID-19

Services: Restaurant, licenced, room service breakfast, reverse cycle air conditioning, BBQ, pool, Foxtel, cooking facilities in cabins, fire rated.

Residence: 2 bedroom with built in wardrobes, own kitchen, lounge, dining, bathroom. Small residence ideal for manager or owner with small family.

Comment: This is an outstanding investment in a sought-after mid north coast location.

MQ Property ID:
5618745


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