Key Investment Insights
AI generated. Confirm details with the seller.
1. Freehold ownership of both motel and workers’ hostel, providing capital asset security and greater control over redevelopment decisions.
2. Prime position on the city’s motel strip, indicating strong location visibility and guest drive-by exposure.
3. Proven demand nearby, with an immediate neighbouring motel trading at over 80% occupancy, signalling market strength.
4. Combined offering of 13-room brick under tile motel and 14-room workers’ complex, delivering 27 keys and diversification of revenue streams.
5. Both buildings require renovation, presenting a value-add opportunity to lift rates, occupancy and presentation.
6. Current trading is well below city occupancy levels, implying substantial upside potential through repositioning and management improvements.
7. Combined land values exceed the asking price, indicating significant underlying land value and potential redevelopment or subdivision options.
8. Located in a major central coastal city in NSW, benefiting from coastal tourism demand and regional worker accommodation needs.
9. Solid construction for the motel, brick under tile, suggesting lower structural risk and potentially simpler refurbishment compared with lightweight builds.
10. Dual-use asset, allowing a strategy targeting both transient leisure guests and longer-stay workers, improving yield stability.
