30 room motel in the heart of Merewether with latent operational upside, and development potential (STCA)
CBRE Hotels, on behalf of the vendors, is delighted to offer this outstanding motel opportunity located on a corner of the Pacific Highway.
* Freehold 30 room motel with going concern business (29 rooms operational) * Newcastle (Australia's 7th largest city) hotel market underpinned by consistent corporate demand * Operational upside for owners with new energy and drive to re-invigorate the business * 2km from famous Merewether beach, and 4km from Newcastle CBD * Favourable zoning for development potential (STCA) * 1,900 square metre site (approx.)
For Sale by Expressions of Interest closing at 4:00pm on Thursday 14th November 2013.
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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