The Hastings Valley Motel in Port Macquarie is a well maintained property. The motel has 11 rooms and sits on 1223 square metres of land. There is also another 1016 square metre block of land next door to it, that is owned by the same vendor, and he would like to see both of them sold so he can move onto another project. The block of land beside the motel has a fibro house on it and both properties combined would make an excellent high rise development site.
The motel consists of 8 x 1 bedroom units, 2 x 2 bedroom units and 1 x 3 bedroom unit with a 3 bedroom manager's apartment upstairs. The Hastings Valley Motel runs at around 55% occupancy and is a short distance to the CBD and walking distance to cafes, shopping centres and the pristine golden beaches of Port Macquarie.
"We are seeking expressions of interest".
For Profit and Loss information or to arrange an inspection of these properties please call the listing agent Paul Wright today.
These 2 properties are great value.