45-51 Collins Street,
Kiama, NSW 2533
Hotel, Motel & Leisure
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Map of 45-51 Collins Street
KIAMA TERRACE MOTOR LODGE, KIAMA, NSW
PROFITABLE KIAMA MOTEL WITH DEVELOPMENT UPSIDE
* Superb location in the heart of the Kiama retail and tourist precinct - the first motel as you enter Kiama, only a short stroll to the beach
* 50 guest rooms (22 with double spas) plus manager's residence
* Ample off street parking, swimming pool, bar & lounge, detached restaurant (which is currently leased), landscaped grounds and BBQ area
* Revenues consistently in excess of $1M+ per annum, achieved on low occupancy levels - financial accounts available
* Opportunity for motivated new investors or owner operators to drive revenue growth and improve profitability through the implementation of operational efficiencies
* Significant 3,588sqm commercial zoned site *
* Previous development approval achieved for major redevelopment of the site for multi-use tourist, residential and commercial development - Development Consent and plans available
* Easily run motel operation, strong existing income, superbly located site offering future development potential (STCA)
* approx.
For Sale by Expressions of Interest, closing Wednesday 30th November 2011.
* Superb location in the heart of the Kiama retail and tourist precinct - the first motel as you enter Kiama, only a short stroll to the beach
* 50 guest rooms (22 with double spas) plus manager's residence
* Ample off street parking, swimming pool, bar & lounge, detached restaurant (which is currently leased), landscaped grounds and BBQ area
* Revenues consistently in excess of $1M+ per annum, achieved on low occupancy levels - financial accounts available
* Opportunity for motivated new investors or owner operators to drive revenue growth and improve profitability through the implementation of operational efficiencies
* Significant 3,588sqm commercial zoned site *
* Previous development approval achieved for major redevelopment of the site for multi-use tourist, residential and commercial development - Development Consent and plans available
* Easily run motel operation, strong existing income, superbly located site offering future development potential (STCA)
* approx.
For Sale by Expressions of Interest, closing Wednesday 30th November 2011.
Property ID: 5933901Last Updated: 12 Jan 2021
04161804...
45-51 Collins Street
Kiama, NSW 2533
CBRE - HotelsLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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