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27 Grafton Street, Coffs Harbour NSW 2450

  • Hotel / Leisure
  • Floor Size3,297 m²
  • PriceFor Lease, Offers over $1,450,000

BEST WESTERN ZEBRA MOTEL, COFFS HARBOUR

  • 46-room coastal leasehold offering
  • High end 3.5-star rated motel
  • Renowned brand affiliation

CBRE Hotels, as the vendors exclusive agent, is pleased to offer for lease the Best Western Zebra Motel located in Coffs Harbour, New South Wales.

Key investment highlights include:

- Rare 46-room coastal leasehold offering in one of NSWs largest and booming regional cities
- High end 3.5-star rated motel, fully refurbished top to toe with nothing to spend
- Pacific Highway location, positioned approximately midway between Sydney and Brisbane as a logical evening rest point
- Conveniently located on the near edge of the CBD, walking distance to all relevant town amenities
- Renowned brand affiliation providing exceptionally generous tariff returns with above average occupancy, enhancing the high volume of corporate traveller
- A region of ample sporting and recreational events filling the occupancy calendar with forward bookings
- Strong corporate clientele and reviews
- Large income growth under the current operation has created a healthy rent to turnover / income percentage (nicely positioned at 22%)
- A recent 5 year increase in term to 23 years (remaining on lease term) by the landlord has improved security value of the proposition - landlord favourable to increases

For Sale by Expressions of Interest closing Thursday 18th April 2019.

Property Highlights

Property ID13011766
Floor Area3,297 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  23 Apr 2019
Map for 27 Grafton Street, Coffs Harbour NSW 2450
CBRE Hotels
Level 21 363 George Street Sydney NSW 2000

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