170 Gordon St Port Macquarie NSW 2444

Nicely positioned on a high point of Gordon Street this single level 15 room Freehold motel seeks a new owner. Having owned the property for some 15 years our owner has now decided he is wanting to do other things and has said 'Greg, over to you to get a buyer'
The property is zoned B2 - Local Centre (and serves to provide a range of retail, business, entertainment and community uses), is approx 1,650sqm and has a height limit of 14.5mtrs which provides good scope for an intending purchaser/developer.
The current lessee has been in place for some 8 years with a further 17 years under the lease remaining. The motel has a reception area, a 2 bedroom manager's residence, double garaging with access from Ackroyd St, a mix of room types catering for different traveller requirements.
Port Macquarie's LGA growth expectation is a whopping 25% of the next 15 years (by PMHC) which means a further influx of travellers will occur and also continued pressure on housing requirements so the site and height could be developed at some stage in the future subject to approvals.
The owner is not just seeking to see what the market reaction might be…..the owner is after a sale.
For further details contact Greg as soon as possible.
Rates - $4,650pa