BALLINA NSW 2478
Reduced $1,560,000 Freehold
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- 18 Oct 2016
2340MF - Ideal First Time Freehold Motel
- Well maintained motel in fringe CBD location,
- Popular North Coast seaside destination,
- 14 rooms of various configurations,
- Large owner's residence,
- Walk to restaurants, cafes, shops, clubs,
- Great fishing and boating, good beaches,
- 5 minutes to regional airport.
Don't miss out on this 14 room B&B freehold motel in a great seaside town close to the CBD and all local amenities. The current owners have done considerable R&M to upgrade the motel and the property is primed to take to the next level.
The owner's residence is a three bedroom, two bathroom with two living areas and a shared kitchen. A generous unit that feels like home.
This property would be ideal for first time moteliers as there is no restaurant, it is small enough to be easily managed but large enough to be profitable. Call now and inspect your new lifestyle.
Net profit $213,900 for 12 months
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2340MF
Location: Ballina is situated on the Far North Coast of New South Wales and enjoys a sub-tropical climate all year round. Centred on an island at the mouth of the Richmond River, Ballina is surrounded by 32kms of white sandy beaches and crystal clear waterways.
The surrounding hinterland provides ample opportunities for the eco-adventurer - visit one of the fantastic National Parks. There is plenty to see and do in this vibrant area with a huge array of attractions and activities in Ballina, and at Lennox Heads, Byron Bay and surrounding environs of the Far North Coast.
Highlights: Shelly Beach, Whale-Watching, Dolphin Watching and Snorkelling, Ballina Pool and Waterslide and Crystal Castle.
Events: North Coast Street Machine's Show and Shine, Bluesfest, ICON Australia All Girls Surf Showdown, Splendour in the Grass, Ballina Coastal Country Music Festival and Southern Cross Arts and Craft Festival.
Property Code: 2039
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information