2 Balemo Drive, Ocean Shores, New South Wales
Ocean Shores Motel for sale with Savills Hotels, 2 Balemo Drive, Ocean Shores, New South Wales
SOLD
Business Description
Savills Hotels are pleased to exclusively present the Ocean Shores Motel for sale via an offers to purchase process. The motel is situated in the highly sought-after Byron Bay Shire and is minutes from coastal beach towns such as Brunswick Heads & New Brighton, benefitting from a generous 2,385 sqm* land holding with direct access to Ocean Shores Golf Club. The motel was built in the mid-1980s and is located just 15 minutes from beautiful Byron Bay in the Northern Rivers region of NSW. Within close proximity to the Pacific Motorway and just 5 minutes drive from the beaches, restaurants and entertainment options at Brunswick Heads, the motel makes for an ideal overnight stopover for travellers, or a fantastic base for longer stays in the area – away from the hustle and bustle, yet close enough to enjoy all the Northern Rivers has to offer.
Key Investment Highlights:
• Prominent 2,385 sqm* corner site situated in the Byron Bay Shire
• 23 years remaining (rental income of $75,000 pa) with an opportunity to acquire the business
• Boutique motel currently configured to operate 12 rooms, large managers residence with full kitchen, ample carparking, pool & direct access to adjoining golf course
• Ocean Shores witnessed a median home price increase of 46.14% in 2021 (median house price $1.3m)
• Lifestyle investment, only minutes from beaches and the Brunswick Heads River
• Concept plans delivered from MOOI Architects for future expansion based upon boutique motel offerings in northern New South Wales
Motel Information
Total Rooms: 12
Lease Term: 10 Years
Option: 4 x 5 years
Rent: $75,000 PA plus GST
Land Size: 2,385sqm
Zoning: Low Density Residential
Business Summary
Managers Unit
Bedrooms: 3Bathrooms: 1Complex Information
Complex Type: n/a
Motel Information
Total Rooms: 12Sale Type: FreeholdLease Term: 10 years
Key Investment Insights
1. Highly sought-after location in the Byron Bay Shire with close proximity to popular beach towns and attractions.
2. Generous land holding of 2,385 sqm with direct access to Ocean Shores Golf Club.
3. Opportunity to acquire both the property and the business, with 23 years remaining on the lease and rental income of $75,000 per annum.
4. Boutique motel with 12 rooms, large manager's residence, ample carparking, and a pool.
5. Strong growth potential in the area, with a 46.14% increase in median home prices in 2021.
6. Concept plans from MOOI Architects for future expansion based on successful boutique motel offerings in the region.
7. Lease term of 10 years with 4 x 5 year options.
8. Freehold sale type.
9. Manager's unit with 3 bedrooms and 1 bathroom.
10. Low density residential zoning.
