2188MF 297 River Street, Ballina, New South Wales
2188MF - AUCTION - Ballina Hi Craft Motel - 26 Rooms - Plenty of Upside!!
SOLD
Business Description
The Ballina Hi Craft Motel is a well positioned 26 room motel of solid double brick construction.
Central location, short walk to clubs shops and river.
Run under management for past 8 years, plenty of upside for owner operator.
50 seat licensed restaurant (not in use).
Large major competitor motel about to be demolished for residential units. Occupancy expected to increase significantly as a result.
Large residence option, swimming pool and plenty of refurbishment recently complete. Great Coastal location only 2 hours to Brisbane, 1 hour to Gold Coast Airport, 20 minutes to Byron Bay.
Owner of 27 years has decided to sell.
Donâ t miss this fabulous opportunity!!
Auction
11.00 am Thursday 10 April 2014
Onsite - Hi Craft Motel
297 River Street
Ballina NSW 2478
Contact Craig Clark from Tourism Brokers for further information or to arrange an inspection.
Property Id: 2188MF
Property Code: 541
Business Summary
Key Investment Insights
1. Well positioned 26 room motel of solid double brick construction
2. Central location, short walk to clubs, shops, and river
3. Run under management for past 8 years, plenty of upside for owner operator
4. 50 seat licensed restaurant (not in use)
5. Large major competitor motel about to be demolished for residential units
6. Expected increase in occupancy as a result of competitor's demolition
7. Large residence option, swimming pool, and recent refurbishments
8. Great coastal location, only 2 hours to Brisbane, 1 hour to Gold Coast Airport, and 20 minutes to Byron Bay
9. Owner of 27 years has decided to sell
10. Auction to be held on April 10, 2014 at 11:00 am on site at Hi Craft Motel
11. Property ID: 2188MF
12. Contact Craig Clark from Tourism Brokers for further information or to arrange an inspection
13. Property code: 541
