Coffs Harbour, address available on request
- Property No. 503622662
- Show Page Visits
- Sold Contact Agent
- Fri 26-Mar-21
- Land Area
- 3296.00 m² (approx)
- Floor Area
- 1 m²
- Last Updated
- Mar 26, 2021
Interested in this property? Contact an Agent today
Centralised Administration: 32 Lamorna Ave
Beecroft NSW 2119
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