Motel Details

Property Description

North Coast - Freehold

$2,450,000.00

Listing No: 01310FH



Description:Yamba - A piece of paradise located on the beautiful North Coast of NSW. This all ground floor motel set amongst relaxed garden surroundings provides a vista combination with self-contained apartments to luxury motel suites to choose from. Extremely large and spacious 3 bedroom residence, with an open plan lounge/living room that overlooks the tropical style pool area provides operators with a welcome retreat to enjoy. Well positioned on a corner block opposite the marina offers excellent main road exposure and the large parcel of land, with DA for extra units in place, allows for development potential to achieve further income in the future. Current owners have maintained this superb motel to a high standard spending $20k on recent improvements including new signage; pool cover; retaining wall near reception and believe that new owners will realise the benefits of this motel as much as they have. Take advantage of this excellent purchase opportunity to indulge in a lifestyle with an income. Ready to take over and operate. Vendor finance offered; conditions apply.

Number of Rooms: 15

Construction:Double Brick (rendered) and Tile

AAA Rating: 3.5

Year Built: Stages - 1970/81 and 2001



Residence: Generous & comfortable 3 brm (1 walk-in; 2 with built-ins) includes Bathroom and ensuite; Lounge/dining area; Garage and Private Yard. Plus Commercial Kitchen.

Restaurant:No but within walking distance

Services:BBQ; Pool - saltwater; Covered c/park; Half Court Tennis; Boat parking; Coach/Truck parking

Meals: By Arrangement



Figures:

2016 Turnover: $362,070.00

NOP: $225,000.00

NAR: -


2015 Turnover: $329,000.00

NOP: $192,000.00

NAR: -


2014 Turnover: $315,000.00

NOP: -

NAR: -

 

 

(NAR : "Net After Rent"       NOP: "Net Operating Profit")

Last Updated: 20 July 2017


Contact: Steve Herington

Mobile: 0408 537 028









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