2188MF - 297 River Street,
Ballina, NSW 2478

Hotel, Motel & Leisure

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2188MF - AUCTION - Ballina Hi Craft Motel - 26 Rooms - Plenty of Upside!!

The Ballina Hi Craft Motel is a well positioned 26 room motel of solid double brick construction.
Central location, short walk to clubs shops and river.
Run under management for past 8 years, plenty of upside for owner operator.
50 seat licensed restaurant (not in use).
Large major competitor motel about to be demolished for residential units. Occupancy expected to increase significantly as a result.
Large residence option, swimming pool and plenty of refurbishment recently complete. Great Coastal location only 2 hours to Brisbane, 1 hour to Gold Coast Airport, 20 minutes to Byron Bay.
Owner of 27 years has decided to sell.
Don't miss this fabulous opportunity!!

Net profit $302,436 for 2012/13

Auction
11.00 am Thursday 10 April 2014
Onsite - Hi Craft Motel
297 River Street
Ballina NSW 2478

Contact Craig Clark from Tourism Brokers for further information or to arrange an inspection.

Property Id: 2188MF

Property Code: 559

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Ballina, 2478 demographic data

The median household income for Ballina is $1,013, 29% lower than Regional New South Wales's household income of $1,434. Ballina has an older age profile compared to the rest of Regional New South Wales (median age 56 vs 43). Property ownership data shows 29% of property owners in Ballina have a mortgage.

9,735

Population

$1,013 per week

Median household income

56 years

Median age

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