Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel
Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel

Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel

Expressions of InterestSold

Presenting a CBD Port Macquarie waterfront freehold motel and/or the last approved residential development opportunity complete with the comfort of a "No sunset clause." The current operation, which has a short term lease arrangement, displays a progression of income over the past 3 years. This growth is a true reflection of its central location, the buoyant tourism market, the completion of Charles Sturt University's multimillion dollar development, the airport runway extension with direct flights to and from Sydney, Brisbane & now Melbourne and the booming sporting sector.

Key Features

Expressions of Interest close 30th September 2016

Motel:

  • The heart of Port Macquarie’s CBD
  • 24 x 3.5 AAA star rated rooms of various configurations
  • Consistent income growth 
  • Hastings River waterfront views 
  • 5 squash courts with bar, games and reception area
  • Popular sub-leased Korean restaurant
  • Under covered parking
  • Pool, spa with outdoor BBQ area

 

Development Application:

  • NO SUNSET CLAUSE
  • 22 apartments plus one penthouse suite  
  • 4 commercial office suites or 4 additional apartments  
  • 6 retail ground floor spaces  
  • 44 parking spaces (Excess 5 can be strata and sold or leased out)
  • 24 storage bays
  • Pool/sauna/gym
  • Leisure centre

Commercial space = 800m2

 NB: Property inspections are by appointment only

 

 

 

Key Details

Listing Ref: FH004311
Property Type: Motel
Region: NSW - North Coast
Suburb: Port Macquarie
Sale Type: Freehold Going Concern
Net Profit: $325,000 Projected
Price: Expressions of Interest

Listing Agent(s)

Agent Feedback

When James Carrick listed our property he had not long been with Resort Brokers. We found him to be thorough in his listing, professional in attitude, diligent in providing us with regular updates and his negotiating skills came to the fore when closing the deal. James’ manner was always pleasant and his honest refreshing. We were very happy with the final outcome and would have no hesitation recommending James to anybody that would like to offer their property for lease or sale.

- Klaas Pruys & Christina Pike
Vendor,
East Port Motor Inn

James was a pleasure to deal with from start to finish (12 months) during a difficult and convoluted deal involving 3 tranches and many changes to the originally agreed transition; I would have no hesitation in recommending him as a hospitality broker.

- Chris and Luisa Lloyd
Vendor ,
Mantra Quayside Apartments

James did a great job what were very difficult circumstances. It was not an easy deal and we had a lot of obstacles to overcome, which he handled incredibly well. He was efficient, reliable and I would recommend him to anyone. I don't think the deal would have happened without James! 

- Lyn Weathers
Vendor,
Gunnedah Caravan Park