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

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

We found James to be straight to the point and delivered on everything he said. James was prompt in regards to getting back to us on matters of importance and quickly achieved the price at which he appraised our property. In summary we found James very comfortable to work with to achieve our common goal, a sale.

- The Hanlon's & The O'Donnell's
Vendors,
Rockpool Motor Inn South West Rocks

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