Rare Opportunity To Own One Of The Largest Leasehold Motels In Nsw - Next To The Iconic Big Banana.

This highly profitable business is is now offered for sale, with a long lease in place.

Once known as the Country Comfort, this 52 room motel has been completely overhauled by the current tenants, with a long list of major upgrades and extensive renovations across their 7 year ownership.

Generating in excess of $2.0m annual turnover (FY23), the revenue scale enables a full management structure and the existing management team are most willing to stay on.

There are a wide variety of rooms, ranging from standard through to huge apartments. 15 metre pool, undercover BBQ area, plus floodlit tennis court. The 4 acres of grounds offer ample parking with room for buses and heavy vehicles.

Coffs Harbour is in the midst of major rejuvenation with the long awaited M1 Pacific Motorway bypass well underway. This multi-year project is already generating significant motel room demand into the city and will see heavy vehicles removed from the highway.

Country 2 Coast Motor Inn occupies an extremely prominent location adjoining the iconic Big Banana. The high visibility is advantageous, as is the 4 way highway access.

All guest rooms have new flooring, Air Conditioning and are freshly painted. 18 rooms have been significantly renovated in 2023.

Managers Accommodation
- Oversized 3 bedroom apartment adjoining reception
- 3 bedroom house, currently leased

Reception
- GuestPoint front office system
- Hard-wired camera system covering the entire property

Restaurant
- 70+ seats, Australian outback / country theming
- Serving a la carte breakfast and dinner 7 days
- Buffet / bain marie station for coach groups
- Online with MenuLog and Uber Eats, DoorDash
- New air conditioning, TV’s and lighting

Bar
- Adjoins restaurant, with a separate entrance upstairs from swimming pool
- Covered outdoor balcony, overlooking two large timber decks
- New air conditioning, TV’s and lighting

Conference Room
- Approx. 100 square metres plus covered outdoor area
- Dispense bar, plus male and female bathrooms
- Sparsely used at present

Other
- Commercial laundry – 2 x Maytag dryers, 2 x LG 10kg washers
- Triple garage and 3 storage sheds
- Guest laundry with 2 washers and 1 dryer
- Hot water systems upgraded 2022, with gas backup
- Recently upgraded Wi-Fi

Financial
A summary of the profit and loss statements is below, while detailed financial reports will be provided to qualified purchasers.

Method of Sale
Country 2 Coast Motor Inn Coffs Harbour is offered for sale as a leasehold going concern.

Inspections are available by appointment, accompanied by the exclusive agent.

The vendors insist that staff and management are not contacted under any circumstances. Your agent will assist with any and all enquiries to ensure discretion.

A data room will be offered to provide necessary documentation and further information.

Please direct all enquiries only to the exclusive broker, Matt Davidson of Tourism Property.

An offer document is available upon request.

We recommend your prompt attention - offers close Thursday 16th May 2024