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Coffs Harbour, address available on request

Coffs Harbour, address available on request

Hotel/Leisure

  • Sold Contact Agent
  • Fri 26-Mar-21

  • Land Area
  • 3296.00 m² (approx)
  • Floor Area
  • 1 m²
  • Last Updated
  • Mar 26, 2021

Additional Details


Interested in this property? Contact an Agent today

Tourism Brokers - NSW, QLD, VIC & TAS

Centralised Administration: 32 Lamorna Ave

Beecroft NSW 2119

James Carrick

2592ML – LARGE MID NORTH COAST LEASEHOLD MOTEL FULLY REFURBISHED & READY TO GO!

- Rare 46-room coastal leasehold offering in one of NSW’s 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 by the landlord has improved security value of the proposition - landlord favourable to increases.

- Trading Income from BW statistics reporting for 2020 FY - $1,540,231.77 including tax (COVID– 19

Coffs Harbour, address available on request

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