Address available on request,
Coffs Harbour, NSW 2450
Hotel, Motel & Leisure
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Sold on
Map
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 affected).
A rare, fully renovated mid to large sized mid-north coastal leasehold property on the edge of the thriving Coffs Harbour CBD. The current operator has heavily invested in both internal and external improvements, which has proven a key ingredient to the upward income trajectory of this sought after styled property. An affiliation with the Best Western brand creates a valuable partnership. 46 high-end 3.5-star rated rooms set on two mirrored levels, complemented by a modern commercial kitchen and manageable 50-seat dining and bar area. Renovated bathrooms throughout, updated reverse cycle air conditioners, internal and external paint, the list goes on.
Currently operated by sole owner. A regrettable motive for sale will ensure success for the incoming owner operator.
Net Profit $413,599 for 2018/19
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2592ML (quote when enquiring)
Property Code: 3503
- 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 affected).
A rare, fully renovated mid to large sized mid-north coastal leasehold property on the edge of the thriving Coffs Harbour CBD. The current operator has heavily invested in both internal and external improvements, which has proven a key ingredient to the upward income trajectory of this sought after styled property. An affiliation with the Best Western brand creates a valuable partnership. 46 high-end 3.5-star rated rooms set on two mirrored levels, complemented by a modern commercial kitchen and manageable 50-seat dining and bar area. Renovated bathrooms throughout, updated reverse cycle air conditioners, internal and external paint, the list goes on.
Currently operated by sole owner. A regrettable motive for sale will ensure success for the incoming owner operator.
Net Profit $413,599 for 2018/19
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2592ML (quote when enquiring)
Property Code: 3503
Additional information
External websites
Property ID: 503622662Last Updated: 26 Mar 2021
1300 512 5...
Address available on request
Coffs Harbour, NSW 2450
Tourism Brokers - NSW, QLD, VIC & TASCentralised Administration: 32 Lamorna Ave
BEECROFT, NSW 2119
BEECROFT, NSW 2119
Contact Agency
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
209 Pacific Highway,Coffs Harbour, NSW 2450 1907 m²Hotel, Motel & Leisure • Development Sites & Land