Long Leasehold in Booming Tourist & Corporate Hot Spot!
Long Leasehold in Booming Tourist & Corporate Hot Spot!
Long Leasehold in Booming Tourist & Corporate Hot Spot!
Long Leasehold in Booming Tourist & Corporate Hot Spot!
Long Leasehold in Booming Tourist & Corporate Hot Spot!
Long Leasehold in Booming Tourist & Corporate Hot Spot!
Long Leasehold in Booming Tourist & Corporate Hot Spot!
Long Leasehold in Booming Tourist & Corporate Hot Spot!

Long Leasehold in Booming Tourist & Corporate Hot Spot!

$429,000Sold

The Port Macquarie accommodation market is flying with no sign of slowing. This functional accommodation business is well located, geographically close to the junction of both main entrances to town. Well named and located on internet search engines, with added ability to align with further booking partners and TripAdvisor to optimise this unique accommodation name in a sort after location. You have the chance to place your finishing touch with some required refurbishment, though with a 25 year lease in place time is on your side.

Vendors are ready and will meet the market!

Key Features

  • 15 self-rated budget style accommodation.
  • Well located at entry junction into town’s CBD.
  • Located at the top of internet motel searches for Port Macquarie.
  • Progressive income trend over the past three years.
  • Ease of operation for energetic husband and wife.
  • 25 years straight lease indexed to CPI only
  • Two bedroom residence plus option for addition room or office.
  • Large enclosed backyard with double garage/shed
  • Your opportunity to position yourself in the motel industry and benefit from accommodation growth in the area.
  • Certain occupancy upside available.

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004608
Property Type: Motel
Region: NSW - North Coast
Suburb: Port Macquarie
Sale Type: Leasehold
Net Profit: $125,176 Projected
Price: $429,000

Location

Listing Agent(s)

Agent Feedback

The process of buying a motel is one that can often take a substantial amount of time, effort and negotiation. I would like to thank James for all his assistance in finding me a very suitable property and also for his guidance and patience in that process. I look forward to working with him again and I would highly recommend James to anyone that is looking to buy or sell their motel.

- Mark Wallace
Purchaser,
Caravilla Motel

James was the calm among the storm on a few occasions during negotiations and settlement and has been nothing short of delightful to deal with. He is honest and prompt and very diplomatic in his dealings and I have now watched him go above and beyond on two occasions for us. Couldn’t speak highly enough of our experiences.

- Max and Mandy Smith GUNNEDAH TOURIST CARAVAN PARK

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