Mid City Motor Inn & Apartments, Singleton
One of the Hunter Valley’s top-performing accommodation properties has been successfully sold by hospitality specialists Ray Larkin and Malcolm Mathie of MQ & Associates, acting on behalf of Berimatt Investments Pty Ltd, following a decade of ownership.
The Mid City Motor Inn & Apartments has proven to be an outstanding investment for the departing owners, who are now returning to Sydney to enjoy their retirement.
The property has been acquired by M Motel Two Property Pty Ltd, further expanding the group’s growing portfolio of motel assets.
Situated prominently on the main street in the heart of Singleton, the property occupies a substantial landholding of 3,452 sqm. It features 37 four-star motel suites and six two-bedroom apartments. Additional amenities include an 80-seat licensed restaurant, currently leased, as well as existing approvals (DA and CC) for the development of six additional studio suites with kitchenettes.
The sale was conducted as an exclusive off-market campaign, offered to a select group of qualified buyers, and transacted at a yield of 10%. Financing was arranged by Mr Irfan Kuresh of Infinitive Finance.
Ray Larkin, Director of MQ & Associates, commented that he was honoured to facilitate the sale of the Mid City Motor Inn & Apartments for the third time in 30 years. “We originally sold the property to Berimatt Pty Ltd ten years ago, and prior to that to the Keown family fifteen years earlier. It has consistently delivered strong returns, making it a standout investment for each successive owner,” he said.
Malcolm Mathie added that the purchasers intend to continue expanding their motel portfolio across the eastern seaboard, focusing on high-quality regional assets with opportunities for value enhancement through professional management.
While the sale price remains confidential, the campaign generated strong interest and ultimately achieved the vendors’ desired outcome.
Demand for larger, corporate-style accommodation assets continues to strengthen, driven by increasing competition from institutional funds and experienced multi-asset operators.
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