45-51 Collins Street Kiama NSW 2533

PROFITABLE KIAMA MOTEL WITH DEVELOPMENT UPSIDE

* Superb location in the heart of the Kiama retail and tourist precinct - the first motel as you enter Kiama, only a short stroll to the beach
* 50 guest rooms (22 with double spas) plus manager's residence
* Ample off street parking, swimming pool, bar & lounge, detached restaurant (which is currently leased), landscaped grounds and BBQ area
* Revenues consistently in excess of $1M+ per annum, achieved on low occupancy levels - financial accounts available
* Opportunity for motivated new investors or owner operators to drive revenue growth and improve profitability through the implementation of operational efficiencies
* Significant 3,588sqm commercial zoned site *
* Previous development approval achieved for major redevelopment of the site for multi-use tourist, residential and commercial development - Development Consent and plans available
* Easily run motel operation, strong existing income, superbly located site offering future development potential (STCA)

* approx.

For Sale by Expressions of Interest, closing Wednesday 30th November 2011.