MOTEL FREEHOLD MID NORTH COAST NSW

Broadway Business Brokers is proud to present this magnificent 9 room freehold motel located close to beaches, shops, clubs and restaurants. The motel has a current DA in place for an additional 16 rooms to increase income and real property value. The owner has agreed to sell property adjoining the motel as a whole and not individually. All are on separate titles.

Three options are available for the right purchasers:

Option 1.
Motel freehold plus adjoining self contained holiday home.

Option 2.
Motel freehold plus adjoining family cabin and three self contained cabins.

Option 3.
Motel freehold plus home and cabins.

The motel has a fully operational licenced restaurant seating up to 120 persons both indoors and outdoors. The restaurant is currently under an informal lease agreement.

Boasting an occupancy rate of 70% the motel is run under management, who in turn will remain on for a new owner should they be required. The motel is located in one of the states most popular surfing destinations.

All financial information and DA plans will be provided to qualified buyers. The motel is currently showing a $249,500 net return.

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