Port Macquarie, New South Wales
BOUTIQUE MOTEL on the beautiful Mid North Coast
$495,000 Leasehold - Genuine Purchasers Only
Business Description
This motel is the perfect couples operation offering an idyllic lifestyle. Port Macquarie is a much sought after location and has become one of New South Wales’s favourite Weekend and Holiday destinations.
- Perfect sea change opportunity
- A unique property close to the beach
- 10 Rooms of various configurations, all on the ground floor
- Many improvements and renovations across rooms & facilities
- 3 Bedroom Residence with Ocean Views
- New Lease from Landlord offering minimum of 30 years (Term Negotiable)
- When lockdowns occur by the government due to Covid Landlord offers Rent free period
- Average of 80% occupancy rate over past 2 years
- Strong and Continued growth across revenue & profitability
- Property Inspections by appointment ONLY
This is a strong performing Motel business that really ticks all the boxes
An inspection is highly recommended and will not disappoint
Business Summary
Motel Information
Total Rooms: 10Sale Type: LeaseholdLease Term: 30 years
Key Investment Insights
1. Location: The motel is located in a highly sought after location on the Mid North Coast, close to the beach and in a popular holiday destination.
2. Lifestyle Business: This motel offers the perfect sea change opportunity for a couple looking for an idyllic lifestyle.
3. Unique Property: The motel is a unique property with 10 rooms of various configurations, all on the ground floor.
4. Improvements and Renovations: The current owners have made many improvements and renovations to the rooms and facilities, making it a desirable and modern accommodation option.
5. 3 Bedroom Residence: The property also includes a 3 bedroom residence with ocean views, providing a comfortable living space for the owners.
6. New Lease: The landlord is offering a new lease with a minimum term of 30 years, providing long-term stability for the business.
7. Rent-Free Period: In the event of government-mandated lockdowns due to Covid, the landlord offers a rent-free period, providing financial support during uncertain times.
8. High Occupancy Rate: The motel has maintained an average occupancy rate of 80% over the past 2 years, indicating a strong demand for accommodation in the area.
9. Continued Growth: The business has shown strong and continued growth in terms of revenue and profitability, making it a sound investment opportunity.
10. Property Inspections: Inspections of the property are by appointment only, highlighting the exclusivity and privacy of the business.
11. Strong Performing Business: Overall, this is a strong performing motel business that ticks all the boxes for potential buyers.
12. Highly Recommended: An inspection of the property is highly recommended and is sure to impress potential buyers.
