MERIMBULA NSW 2548
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- 20 Dec 2016
1575ML - Coastal $$ Money Maker with Huge Growth Potential and Coastal Water Views
Popular south coast tourist town with significant Christmas trade but strong trade throughout the year.
Solid advance bookings going forward with significant growth and $$$.
Fantastic and popular 3.5 star rating.
26 units - every room has a water view.
Includes 4 self-contained suites in a variety of configurations that are well presented and very popular with guests.
Wireless broadband internet throughout.
Walking distance to everything including entertainment, the CBD, clubs, restaurants. etc. Pool and spa at the property.
Fantastic low maintenance and easily managed layout for staff and guests.
Restaurant is currently only used for larger groups and bus bookings and could easily be used as a restaurant if you liked, or continue to run the property as a B&B.
The ability to add value and reap the rewards into the future.
Long coastal motel lease with a very good landlord.
With an expected turnover above $500K and offering a 30% + ROI.
Faultless presentation with the ability to make a lot of money.
Net profit $234,249 expected for October 2016 to September 2017
Contact Mike Herringe or Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1575ML (quote when enquiring)
Location: Located 471 km south of Sydney, Merimbula (population 4,259) is a small charming seaside town rising on the tree-clad hills around Lake Merimbula which is actually the wide mouth of the Merimbula River. Merimbula is the holiday 'resort' of the Sapphire Coast. Situated between Tathra and Pambula on the coast, Merimbula welcomes many thousands of tourists throughout the year. The principal activities for visitors, not surprisingly, are fishing, swimming, surfing, boating, lake cruises, scuba diving, sailboarding, canoeing. The main beach, six kilometres in length, is ideal for surfing and sailboarding.
The visitor to Merimbula is not confined only to beach and water activities. Only a short drive from the town will take you to the beautiful Bournda National Park, while interesting excursions to the hinterland can be made for bush and nature walks through ancient forests in the foothills of the South Coast Range.
Property Code: 2145
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information