ULLADULLA NSW 2539
$930,000 ONO - Freehold
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- 21 Nov 2016
1545MF - Highway Exposure In Popular Coastal Location
- 13 rooms plus two spacious cabins
- No pool, no restaurant.
- Present owners have been there for 15 years.
- Area of over 3,000m2 suitable for expansion.
- Approved DA for two more cabins (infrastructure established).
The Colonial Palms Motel is well located and offers a variety of comfortable accommodation with rooms and cabins. She is an old motel that has been well maintained and looking for some fresh eyes and ideas to grow the business.
Net profit $71,530 for 2014/15
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1545MF (quote when enquiring)
Location: Ulladulla is a coastal town in New South Wales. It is on the Princes Highway, about half way between the larger towns of Batemans Bay to the south and Nowra to the north and approximately 179 km south of Sydney. The Ulladulla area is a seven-kilometre stretch of continuous urban residential development.
In recent years tourism has brought significant growth to the town including plans for larger shopping and recreation areas, such as the Dunn and Lewis memorial foundation centre that was recently built. The centre contains a 12 lane bowling alley, kiosk, conference room and a large community area.
Nestled on the shores of the picturesque fishing harbour, Ulladulla township has a great selection of fashion, homewares and gift boutiques. Choose from the variety of exotic gifts, stylish fashion, accessories, furniture and interiors on offer at Sachi on Green. Keep the whole family entertained with a visit to Funland Ulladulla or catch the latest release at Arcadia Cinemas. The Ulladulla Wharf Markets on the 2nd Sunday each month has something for everyone.
Property Code: 413
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