Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities
Magnificent Freehold Motel with Development Opportunities

Magnificent Freehold Motel with Development Opportunities

$1,620,000

We are pleased to present to the market the Iluka motel, a highly rated freehold motel. This is the only motel in town with NO competition!

Key Features

  • Opportunity to build an additional 5 to 10 motel rooms
  • Dual highway near completion which will bring further growth to the area
  • Option to purchase more land on adjoining property for a further business opportunity ($400,000 vacant corner lot)
  • 3.5 star AAA rated
  • Consistent year on year growth with huge upside
  • Exceptionally large/modern, and recently refurbished rooms
  • Beach lifestyle secured by consistent strong net profit

 

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: FH005252
Property Type: Motel
Region: NSW - North Coast
Suburb: Iluka
Sale Type: Freehold Going Concern
Net Profit: $183,475
Price: $1,620,000

Listing Agent(s)

Agent Feedback

Without Ian's negotiating skills the sale of Horizons Resort would not have got across the line! I would like to take this opportunity to thank you for your assistance and would have no hesitation in recommending Ian Dore or Resort Brokers to any interested persons in the future.

- Ian Barry
Previous Owner,
HORIZONS RESORT