Coffs Harbour, New South Wales

Mid NSW Coastal City - Freehold Motel and Workers’ Hostel - Renovation Dream - 1950MF

Freehold $5,500,000

Business Description

FREEHOLD 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

Business Summary

Marketing Agent

Laurence Crowley

0418 88....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Freehold motel and workers’ hostel in a major coastal city in central NSW.
2. Combined land values are stated to exceed the asking price.
3. Accommodation comprises a 13 room motel and a separate 14 room workers’ complex.
4. The motel features brick construction with a tiled roof.
5. Positioned on an established motel strip, with nearby motels reportedly achieving occupancy above 80%.
6. Both properties require renovation, offering scope to improve presentation and trade.
7. Current occupancy is well below city levels, highlighting potential to improve trading performance.