Price information
Sale
FHGC $4,300,000
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Mid North Coast Motel & Land Development Opportunity Located Close to One of Australia's Most Popular Beaches -1P4948M
CRE Brokers are excited to be appointed exclusive agents for the sale of Costa Rica Motel located in South West Rocks on the mid-north coast of NSW.
Tourism on the east coast of Australia is thriving with Australians and overseas visitors being drawn to the world class beaches, fishing and natural beauty due to the outstanding value for money and ease of access.
The Costa Rica Motel has only one direct competitor and has achieved sales growth on consecutive years.
. 22 rooms (only 20 in the current letting pool)
. $600k+ Sales FY 2020/21
. Additional Income est. at $25,000 in rental Income from Licensed Restaurant Lease – front of Motel facing the main road and Dive Shop Lease – adjacent to Motel facing the main road.
Investment – Development Opportunity: A large parcel of land (6960 sq mtrs) offers an extremely good short and long term investment or development opportunity to a savvy buyer to retain the Motel or sell a lease whilst considering the best approach to develop the remaining land.
A clear understanding of the full potential of this opportunity is best assessed by inspecting the Motel, land and area in person.
Tourism on the east coast of Australia is thriving with Australians and overseas visitors being drawn to the world class beaches, fishing and natural beauty due to the outstanding value for money and ease of access.
The Costa Rica Motel has only one direct competitor and has achieved sales growth on consecutive years.
. 22 rooms (only 20 in the current letting pool)
. $600k+ Sales FY 2020/21
. Additional Income est. at $25,000 in rental Income from Licensed Restaurant Lease – front of Motel facing the main road and Dive Shop Lease – adjacent to Motel facing the main road.
Investment – Development Opportunity: A large parcel of land (6960 sq mtrs) offers an extremely good short and long term investment or development opportunity to a savvy buyer to retain the Motel or sell a lease whilst considering the best approach to develop the remaining land.
A clear understanding of the full potential of this opportunity is best assessed by inspecting the Motel, land and area in person.
Additional information
External websites
Property ID: 503474854Last Updated: 26 May 2022
0456 017 6...
Address available on request
South West Rocks, NSW 2431
CRE Brokers - AustraliaUnit 4, 10 Lakewood Boulevard
CARRUM DOWNS, VIC 3201
CARRUM DOWNS, VIC 3201
Darren Leaney
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