Mid Nsw Coastal City - Freehold Motel And Workers’ Hostel - Renovation Dream - 1950mf
Coffs Harbour, New South Wales 2450
Freehold $5,500,000
Key Features
AI generated. Contact seller to confirm.
- Freehold motel and workers' hostel combined
- 13-room brick-under-tile motel
- 14-room workers' complex
- Prime location on motel strip, high local occupancy
- Properties require renovation to enhance trade
- Land value higher than asking price
- Turnover: Not disclosed
- Net Profit: Not disclosed
- Rent/Lease: Not disclosed
- Stock Value: Not disclosed
- Established: Not disclosed
Business Details
Business Category Motel
- Well located in major central coastal city in NSW
- Top location on motel strip at other motel in immediate vicinity trade as 80% + occupancy
- 13 room brick under tile motel and 14 room worker’s complex
- Both require renovation to enhance both trade and presentation
- Land values of combined properties is higher than asking price
- Current trading is well below the city occupancy levels
Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1950MF (quote when enquiring)
Property Code: 5486
- Top location on motel strip at other motel in immediate vicinity trade as 80% + occupancy
- 13 room brick under tile motel and 14 room worker’s complex
- Both require renovation to enhance both trade and presentation
- Land values of combined properties is higher than asking price
- Current trading is well below the city occupancy levels
Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1950MF (quote when enquiring)
Property Code: 5486
What's Nearby
Nearby Locations
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.