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Beach Drive Motel, 24 Beach Road Batemans Bay, NSW 2536

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Beach Drive Motel, 24 Beach Road
Batemans Bay, NSW 2536

Hotel & Leisure • Development Sites & Land • Shop & Retail

Price information

Sold

$2,000,000

Land area

1600.0m²

Floor area

650.0m²

Property extent

Whole

Zoning

R3 Residential - 16 metre height limit

Municipality

Eurobodalla Shire Council

Tenure type

Tenanted Investment

Sold on

19 May 2017

Return

8.7% p.a.

Solid investment motel in Batemans Bay - tenant pays all outgoings and monthly rent through to June 2035 !

  • Great tenant with 18.5 years remaining
  • Re-development - residential zoning
  • Strong nett yield of 8.72%
Tourism Property are proud to be appointed as exclusive agents for the sale of the passive investment interest in the Beach Drive Motel in Batemans Bay.

The Beach Drive Motel occupies a superb waterfront site, walking distance to the Batemans Bay CBD. The business is long established and the property is offered with a secure tenant in place until June 2035.

A nice addition to your SMSF, family partnership, or developer land bank with strong holding income.

Features
◾20 motel rooms, a mix of budget and deluxe
◾Strong underlying land value with superb river views
◾Short walk to Batemans Bay CBD, or cross the road to the marina
◾Secure tenant pays all outgoings
◾18.5 years remaining on the lease
◾Current rent $170,130 with annual CPI increases
◾Future re-development opportunity - approx. 1,600 sqm
◾R2 residential zoning with 4 storey height limit


Property Details

Rare to market, investment freehold motel offered at almost 9.0% nett !

Booming real estate values are pushing further out of Sydney along the South Coast. Currently there is still great value in Batemans Bay, but how long can that last?

Batemans Bay is an exciting investment location, just 90 minutes from Canberra and getting ever closer to the burgeoning Sydney market with the numerous bypasses in the Illawarra and Shoalhaven set to make the journey below 3 hours from Sydney airport.

Simply collect your rent and quickly pay off a loan with the strong positive cashflow, all the while planning a major renovation or complete re-development.

There is genuine future development value here with the R2 - Medium Density Residential zoning. Very solid holding income while you pursue a boutique CBD riverside development plan - with potential for more than 5,000 square metres of gross floor area above on-grade parking (STCA).

Described by recent guests on TripAdvisor as a "Quality Budget Motel" - Beach Drive is a strong motel business with a great reputation. More than 72% of ratings on TripAdvisor are "Excellent", or "Very Good".

Batemans Bay motels and accommodation providers are reporting a 30% improvement in revenues for FY17, along with a record breaking summer period.

Opportunities like this are rare and always sell quickly - enquire now and be ready to inspect without delay.

A detailed information memorandum has been prepared and will be provided to qualified purchasers.

Priced to sell at $1.95m - above 8.7% nett.

Additional information

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Property ID: 502262286Last Updated: 24 May 2017

0400 *** ***
Beach Drive Motel, 24 Beach Road
Batemans Bay, NSW 2536

Agency contacts

Tourism Property Services

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Tourism Property Services

Market Street
WOLLONGONG, NSW 2500
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Send to:

Matt Davidson
Tourism Property Services
Beach Drive Motel, 24 Beach Road Batemans Bay, NSW 2536

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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