Coffs Harbour, New South Wales
Mid NSW Coastal City - Freehold Motel and Workers’ Hostel - Renovation Dream - 1950MF
Freehold $5,500,000
Business Description
- 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
Business Summary
Key Investment Insights
1. Prime position on the motel strip in a major mid NSW coastal city, implying strong visibility and demand.
2. Nearby competitor motels trading at in excess of 80% occupancy, indicating proven market demand and uplift potential.
3. Combined freehold comprises a 13-room brick under tile motel and a 14-room workers’ hostel, offering diversified accommodation revenue streams.
4. Freehold ownership provides control of asset and redevelopment or repositioning options.
5. Both buildings require renovation, presenting an opportunity to significantly enhance presentation and ADR (average daily rate).
6. Current trading is materially below city occupancy levels, indicating immediate operational upside with active management and refurbishment.
7. Land value of the combined properties exceeds the asking price, creating a potential value gap and downside protection.
8. Workers’ hostel component offers stable demand from local workforce accommodation markets, complementing transient motel trade.
9. Brick under tile construction suggests a structurally sound asset that may reduce major capital expenditure compared with lightweight buildings.
10. Sale presented via Tourism Brokers with Property ID 1950MF, facilitating direct enquiry and inspection arrangements.
