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- 18 Oct 2016
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 $85- $185; 4-star units $99- $295; Extra Person $15
Chain Affiliation: 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: 10/11 $301,500 - 09/10 $338,195 - 08/09 $303,802 net GST
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.
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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