Motel Details

Property Description

Mid North Coast - Freehold

$890,000.00

Listing No: 01182FH



Description:Macksville - "Opportunity Knocks" - situated in one of the best locations in Australia, the Mid North Coast! This renovated Freehold Motel has plenty to offer - river frontage, ground floor units, single level comfortable residence with private courtyard, lush gardens, room for expansion, and the list goes on. Over the last 3 years the current owner has built up an excellent business showing continued increased turnover, unfortunately the years are catching up and having enjoyed being an operator, with some reluctance now wishes to retire. Halfway between Sydney & Brisbane and soon to become a by-pass town with the Pacific Hwy upgrades nearing completion makes this motel an ideal stopping point for travellers and is only minutes from the on/off ramp for the Freeway. Trip Advisor reviews reflects satisfied customers happy with their stay, the grounds, their rooms and the service provided. Inspect today and experience what guests have enjoyed during their stay. Don't miss out on this unique freehold business opportunity.

Number of Rooms: 9

Construction:Brick & Metal

AAA Rating: 3.0 Self-Rated

Year Built: 1960's



Residence: Adjoining office, this comfortable 2 brm unit attached to motel could be converted to 3 with large room currently as storage; Commercial Kitchen; Lounge/Dining; Bathroom with separate toilet; Garage; and private courtyard garden.

Restaurant:No but within a short distance to CBD

Services:Bbq; Pool; Guest Laundry (shared); Pets Allowed (cond. apply); Camping sites & Campervans Meals: B & B only



Figures:

2016 (TBC) Turnover: $150,000.00

NOP: $93,000.00

NAR: -


2015 (TBC) Turnover: $135,000.00

NOP: $75,000.00

NAR: -


2014 (TBC) Turnover: $115,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 16 November 2018


Contact: Steve Herington

Mobile: 0408 537 028









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