Comfort Inn Fairways, 24 Golf Place,
Primbee, NSW 2502

Offers are invited for this rare freehold motel with vacant possession, or the flexibility of an existing long term lease and passive investment.

The "Comfort Inn Fairways" adjoins the Port Kembla Golf Club, arguably the premier 18 hole championship course in the Illawarra region. The course sits along the narrow coastal belt between Lake Illawarra and Port Kembla beach - a 6 kilometre stretch of untouched beach running from the Port Kembla Olympic Pool in the north, down to the lake entrance at Windang Island in the south.

The motel features 41 rooms of various size and style, including 6 self contained apartments and 12 budget style rooms.

There are three large purpose built conference rooms with high ceilings, natural light, separate entrance and a commercial kitchen.

The property also has it's own laundry, although is currently serviced by a managed linen supplier.

Sited on 8,550* square metres with 135* metre frontage to the main road and 165* metre frontage to the 10th hole, the property benefits from a 1.5:1 floor space ratio (FSR) which would allow close to 13,000 square metres of lettable space (stca).

The property is just 1.7km south of a substantial bulky goods retail complex at Warrawong and less than 900 metres walk across the golf course to the white sands of Port Kembla beach.

There is an existing 29 year lease in place, allowing for a passive investment if required, or the flexibility for an owner operator to take vacant possession of the freehold.

Accommodation revenue is up sharply in the past 3 years, making this a profitable motel.

Expression of interest close Friday 6th May 2016. Please contact the exclusive agents Tourism Property to obtain further information and to organise your inspection.