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Address available on request Coffs Harbour, NSW 2450

Sold

Address available on request
Coffs Harbour, NSW 2450

Hotel & Leisure
Sold Price

$1,650,000

Floor area

1.0m²

Property extent

Whole

Sold on

09 Aug 2019

EXCELLENT FHGC MOTEL IN MAJOR NORTH COAST REGIONAL CITY

AN EXCELLENT OPPORTUNITY to buy a rare Freehold Going Concern Motel in a sought-after North Coast regional city midway between Brisbane and Sydney. With direct highway exposure in the centre of town, only walking distance to restaurants and shopping and a short trip to beaches this is a popular motel with both business travellers and holiday makers.

Comprising of 17 clean neat and spacious units of various configurations, the current owners have continually updated their facilities to ensure all the rooms are comfortable for guests. The managers residence is a generous 2 bedroom open plan unit but there is potential to convert the 3 bedroom balcony apartment upstairs to utilize as a managers residence if required.

Currently run under management this is the perfect opportunity for a new owner to operate the motel themselves, grow the business sell off a lease and take passive income or continue to run under management.

The current owner is keen to move on as he has other projects underway. Don’t miss this opportunity to buy a great freehold business in an idyllic coastal city.

Property ID: 503124666Last Updated: 9 Aug 2019

0408 *** ***
Address available on request
Coffs Harbour, NSW 2450

Agency contacts

Accommodation Business Brokers - HOPE ISLAND

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Accommodation Business Brokers - HOPE ISLAND

8222 Magnolia Drive West
HOPE ISLAND, QLD 4212
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Chris Rowe
Accommodation Business Brokers - HOPE ISLAND
Address available on request Coffs Harbour, NSW 2450

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

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  • Chris Rowe

    Accommodation Business Brokers - HOPE ISLAND
    0408 *** ***