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1292ML - Motivated Seller for this Motel with a Huge Upside

TAREE NSW, 2430

For Sale

Property for Sale in TAREE NSW, 2430

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11262635
Status:
Active
For:
Sale
Price:
Reduced Leasehold $420,000
Last Updated:
11/06/2020
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Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

1292ML - Motivated Seller for this Motel with a Huge Upside

20-unit motel in a CBD location
A well presented and appointed 3.5 star self rated motel
Conveniently located near restaurants, clubs and shops
Air conditioned executive units with private balconies
Panoramic views of the Manning River
A saltwater pool and guest barbeque area
The large owner's residence would be perfect for a new family owner

An exceptional opportunity to acquire the Leasehold interest of this 20-unit motel in a CBD location with 18 years from June 2018 remaining on the lease.

This property boasts a well presented, beautifully appointed 3.5 star self-rated motel, 300 metres north east of Taree's city centre. It is conveniently located near restaurants, clubs and shops. The main building faces the river, with its parklands, rowing and sailing clubs, and jetty and boat ramp.

Offering quiet, air conditioned executive units with private balconies and panoramic views overlooking the magnificent Manning River.

There is also a saltwater pool for those relaxing swims, and a guest barbeque area for summer lunches and evenings meals.

With plenty of local attractions including river cruises, joy flights, fishing, water skiing, arts and crafts, shopping and restaurant dining, it is ideal for a quick getaway or family holiday.

With a large owner's residence and waterfront location, this would be perfect for a new family owner.

Net Profit $91,993 for 10 months to April 2020 (as provided by vendor)

Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1292ML (quote when enquiring)

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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