YAMBA NSW 2464
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- 23 Mar 2017
1523MF - Profits Improving in Coastal Town
Don't miss out on this motel going places.
- Occupancy on the improve and profits are climbing.
- Well-presented 3.5 star motel close to river and beaches.
- 16 rooms of varying configuration.
- Walk to restaurants, cafes, club and golf club.
- Comfortable owners residence adjoins reception area'.
This coastal town has often been described as having the ideal climate for Aussie living. Located at the mouth of the Clarence River, Yamba is a thriving coastal town that enjoys year round sunshine and is famous for great fishing and clean beaches. Yamba has always been the choice of discerning holiday makers looking for a relaxed and enjoyable family holiday.
Do not miss out on the opportunity to live and work in this water wonderland. Call now to make the ultimate Coastal Lifestyle Change.
Net profit $232,542 for 215/16
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection today.
Property ID: 1523MF (quote when enquiring)
Location: Located 682 km north-east of Sydney, Yamba is a quiet seaside town on the southern side of the Clarence River estuary. Opposite, on the northern side of the river mouth, is Iluka. Yamba is economically driven by its substantial fishing fleet (the Clarence River is a major source of the nation's seafood) and its capacity to draw those looking for a relatively quiet holiday destination beside the sea. Of course, some of those leisure-seekers are also drawn by the fish.
The town's reputation for recreational fishing was greatly encouraged by the inauguration of an annual fishing contest in 1958, initially hosted by famous radio personality, Jack Davey, who retreated to Yamba to relax and fish. The Yamba Family Fishing Festival is now held in September or October.
Property Code: 418
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