Port Macquarie, New South Wales
1115ML - Coastal Lifestyle Leasehold in Booming Port Macquarie
SOLD
Business Description
- Rare accommodation-only coastal leasehold opportunity
- A beautifully appointed 3.5 self-rated 23 rooms
- Well located two blocks from the center of town and the iconic Port Macquarie Town Beach
- Established and efficient to operate over three levels
- Various room configurations catering for repeat corporate and tourist guests
- 25 years remaining on the lease with high net operating profit and particularly low rent ratio (30% rent to NOP)
- 10 recently refurbished deluxe suites
- Unrivalled repeat guest booking for all of Port Macquarie’s major sporting and lifestyle events
- Upside available with a food and beverage focus
- Additional upside bringing room 101 back into the letting pool, current used by owner’s daughter
- Occupancy growth opportunity for incoming purchasers
- Priced to sell showing a plum 30% return on investment
Tourism Brokers exclusively present a beautifully appointed 3.5 self-rated 23 room leasehold motel in the heart of booming Port Macquarie.
Attractive rent ratio, a lengthy lease term plus genuine income upside create a lifestyle business opportunity which seldomly reach the market.
Net Profit $285,500 for 2018/19
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1115ML (quote when enquiring)
Location: Port Macquarie is perfectly located along the Mid North Coast of New South Wales, only 260km north of Newcastle, 420km from Sydney and 510km from Brisbane. Being half-way between Sydney and the Gold Coast makes the resort town an ideal stop off if your touring up to Byron Bay or south east Queensland.
Tourism is obviously central to the local economy, although fishing, oyster farming, manufacturing and mineral processing are also important.
As well as being a thriving centre of tourism for many years, Port Macquarie is a mature, long-established community with regional centre status. This status comes from its broadly-based public and private business sectors coupled with a dynamic retail and commercial district.
Property Code: 3188
Business Summary
Key Investment Insights
Key Insights:
1. Rare opportunity to acquire a coastal accommodation-only leasehold in the booming town of Port Macquarie.
2. The motel is beautifully appointed and has a 3.5 self-rated 23 rooms.
3. Conveniently located just two blocks from the town center and the iconic Port Macquarie Town Beach.
4. The motel is well established and efficient to operate over three levels.
5. The property offers various room configurations catering to both corporate and tourist guests.
6. There are 25 years remaining on the lease with a high net operating profit and a low rent ratio of only 30%.
7. 10 recently refurbished deluxe suites add to the property's appeal.
8. The motel has a strong reputation for repeat bookings, especially during major sporting and lifestyle events in the area.
9. There is potential for additional income through a food and beverage focus.
10. The owner's daughter currently occupies one room, but there is potential to bring it back into the letting pool.
11. There is an opportunity for occupancy growth for the new owners.
12. The property is priced to sell, offering a 30% return on investment.
13. Port Macquarie is a popular tourist destination, located halfway between Sydney and the Gold Coast.
14. The town has a diverse economy, with tourism, fishing, oyster farming, manufacturing, and mineral processing all playing a role.
15. The property is well-established in the community, with a strong regional center status.
16. The property code for this listing is 3188.
