Narooma, New South Wales
969MF - Growing Income Stream with Redevelopment Potential
SOLD
Business Description
Excellent highway exposure
13 ground level units
3,498 sqm parcel with potential redevelopment opportunity (STCA)
The Motel is just minutes from local beaches, the harbour, golf club, bowling club, restaurants and shops.
The business is showing a growing return with potential to add value in the short term and the opportunity to take advantage of its redevelopment potential in the medium to longer term (STCA).
Net profit $64,124 for 2016/17
Contact Michael Herringe from Tourism Brokers for further information or to arrange an inspection.
Property ID: 969MF (quote when enquiring)
Location: Narooma is a little coastal haven surrounded by world-class beaches and the serenely beautiful Wagonga Inlet. Renowned for its pristine environment and for the whales, seals and penguins that frequent Montague Island 9km offshore, it also boasts one of the top public golf courses in Australia and unparalleled inlet, reef and ocean fishing. Narooma is a three-hour drive south-east of Canberra, a five-hour drive south of Sydney and an eight-hour drive north of Melbourne.
This small town is big on all those things that make Australia special - great climate, undeveloped beaches, expansive eucalypt forests, abundant and spectacular native wildlife, fabulous food, and people who appreciate that they live in one of the best spots on the planet. On top of that, its oysters are the best in Australia and there is great fishing.
Narooma has a diverse range of individual shops - there are supermarkets, butchers, bakeries, bottle shops - everything you'd expect from a vibrant small town. The local seafood is among the best on the planet, and you can watch the boat pull up and then buy that morning's freshly filleted catch.
Property Code: 2422
Business Summary
Key Investment Insights
- Excellent highway exposure and convenient location near local amenities, including beaches, golf club, and restaurants
- 13 ground level units provide a steady income stream
- Large 3,498 sqm parcel of land offers potential for redevelopment (subject to council approval)
- Growing return and potential for short-term value adding
- Net profit of $64,124 for 2016/17
- Located in the coastal town of Narooma, known for its pristine environment, wildlife, and seafood
- Conveniently located within a three-hour drive from Canberra, five-hour drive from Sydney, and eight-hour drive from Melbourne
- Diverse range of shops and local seafood adds to the town's appeal
- Property ID: 969MF
