Motel Details

Property Description

New

North Coast - Freehold

$4,000,000.00

Listing No: 01255FH



Description:Bellingen-Take a look at this Quality, resort-style property located on the popular North Coast. Prestigious, single level, 28 room motel, set on seven hectares of impeccable, landscaped gardens with remaining acreage towards the magnificent views of the mountains and valley offers a private, relaxing atmosphere for clientele whilst still in close proximity to the town centre. Choice of 26 superior, well-appointed rooms along with 2 compact family units to cater for a variety of accommodation types and all of which provide scenic valley views. Benefit from all the improvements completed in recent years including renovations and upgrade to the conference/function room now fully fitted and operational along with an alfresco dining area adjoining the restaurant, opening up this business to a new diverse market and also the continued improvements by current owners with new beds, triple sheeting and installed a brand new Solar power module for cost effectiveness. Further potential for future development into a fully resort style operation, with DA to build another 7 units, new operators can reap the rewards of this quality property that is so much more than a motel. Current owners require sale due to other business commitments so take advantage of this fantastic Freehold property on offer, in the stunning location, with superb presentation and strong forward bookings ensuring the continued success of this opportunity of a lifetime property.

Number of Rooms: 28

Construction:Brick & Colourbond roof

AAA Rating: 3.5 Self-Rated

Year Built: 1970's; 1989; 2011



Residence: Superb 3 brm with lounge; dining; own kitchen along with outstanding views for the owner/operator to enjoy.

Restaurant:Yes-Licenced with cocktail bar (Fri-Sat); commercial kitchen

Services:BBQ; Pool; Conference Facilities; Guest laundry; Playground; Cots-$; Meals: Buffet Breakfast in the Restaurant; Room service



Figures:

2017 (TBC) Turnover: $870,000.00

NOP: $490,000.00

NAR: -


2016 (TBC) Turnover: $840,000.00

NOP: $440,000.00

NAR: -


2015 Turnover: $715,000.00

NOP: $340,000.00

NAR: -

 

 

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

Last Updated: 28 September 2017


Contact: Steve Herington

Mobile: 0408 537 028









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