220 Pacific Highway,
Coffs Harbour, NSW 2450

Hotel, Motel & Leisure

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8.5% Net Return...

Land Mark Motel in Coffs Harbour ( AROSA MOTEL )
Icon Motel building is selling.

Currently occupied and leased. The owners of the property have made the decision to sell the property.
This land mark building will be sold to the right owner or future occupier. Located on a great spot with great exposure and plenty of potential for future development site or expansion. Only 1.2kl to Centre of City and Marina.

- Current lease, 5 years + 3 x 5years option
- Lease commenced June 2013
- Land size, 6,640 sqr mtr approx
- Current rental income $117.000 + gst + outgoings
- New CPI increases due June 2014
- Separate Town houses and single level Villas
- Under cover BBQ area
- In ground Swimming pool
- Snooker and games room
- Moments from Big Banana attractions, Cinemas and Ten-Pin bowling alleys
- Few moments drive to the local beaches, City Centre, Palm Shopping Centre, Cafes and Restaurants

Property Code: 138

Coffs Harbour, 2450 demographic data

The median household income for Coffs Harbour is $1,231, 14% lower than Regional New South Wales's household income of $1,434. Coffs Harbour has a similar age profile compared to the rest of Regional New South Wales (median age 43). Property ownership data shows 41% of property owners in Coffs Harbour have a mortgage.

27,089

Population

$1,231 per week

Median household income

43 years

Median age

Owners

Most residents

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Most households