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NSW
Sold on 2 Jul 2020

NSW

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

MOTEL FOR SALE - IDYLLIC NORTH COAST LOCATION - 200M TO WATER

    Description: Positioned on the main street, adjacent to the bowling club and a short walk to the marina. This town is rated as one of the best coastal addresses on the eastern seaboard of Australia. Properties in the area are very tightly held.

    Star Standard: 3½ star

    Construction: Two storey brick with clip-lock iron roof and brick wall partitions. Good medium to large units and bathrooms. Appointments are in very good condition. Great inspection.

    Residence: 2 bedroom with built-ins, large living and dining area, bathroom, share motel kitchen, lockup garage, private yard and balcony. Very good modern residence - joins reception.

    Age: Built in 2 stages 1981 - 2003

    Clientele: Reps, tourists - international and Australian, passing travellers, fishing and surfing market.

    Land Area: 1,565sqm approx.

    Tariffs: Single $100 - $195; Double $120 - $195; Extra Person $20

    Chain Affiliation: No

    Lease: No

    Laundry: Commercial equipment. Linen all owned. Sheets sent out.

    Restaurant: No - opposite bowling club.

    Services: Room service breakfast, microwave ovens, gas BBQ, in-ground pool, split system reverse-cycle air conditioning, fire rated.

    Turnover: 18/19 $634,443; 17/18 $594,038; 16/17 $488,981; 15/16 $401,207; 14/15 $372,637 net GST

    Occupancy 60% - 72%

    Comment: Motel diagonally opposite the new bowling club and country link coach stop. Close to marina. Walk to shops. 200m to water. Excellent residence. Great value.

    MQ Property ID:
    5285513

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    Property Highlights

    Date Sold2 Jul 2020
    Floor Area1 m²
    Land Area1,565 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2016059503
    Category
    Last updated  25 Nov 2022
    Map for NSW

    Property Highlights

    Date Sold2 Jul 2020
    Floor Area1 m²
    Land Area1,565 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2016059503
    Category
    Last updated  25 Nov 2022

    Co-Agents

    Ray Larkin
    Manenti Quinlan & Associates
    Call
    0407 220 116
    Manenti Quinlan & Associates
    Call
    0418 664 525

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