Safety Beach, New South Wales

1795MF – COASTAL FREEHOLD BUNGALOWS – OPERATE NOW, DEVELOP LATER!

FREEHOLD $2,500,000

Property Description

- Tourism Brokers are excited to offer to the market an existing operational lifestyle business. With genuine opportunity to land bank and potentially develop an alternate use, if desired in a future term.

- Located in the high demand Safety Beach, neighbouring Woolgoolga, two spectacular beachside villages outside the major regional hub of Coffs Harbour. Within 400 metre walks to pristine beaches, Woolgoolga Lake, and close neighbours to the Safety Beach 18-hole golf course, this is a renowned holiday destination brimming with possibility both existing use and particularly future development.

- Five individual bungalows, completely renovated and furnished during the recent COVID-19 period is set amongst lush tropical gardens and matured native trees. There are four two-bedroom bungalows, plus a one-bedroom studio bungalow with spa, each with a unique private setting and allocated parking. There are guest barbeques and a laundry for their convenience. The cottages are of a 4-star standard, fully self-contained and include all linen and towels. Each cottage has a large, covered deck for entertaining.

- The Safety Beach Bungalows are currently holiday let as a pet friendly holiday destination, with a strong primarily passive return and occupancy rate. This opportunity offers immediate income potential for buyers wanting to move to the area and secure the ultimate sea change within the accommodation and potential development sectors. The Bungalows can also be viewed as an investment prospect for a local or interstate investor. You choose to employ an agency to operate the investment business. The complete package will come fully furnished and includes commercial grade washing machine, clothes dryer, and linen.

- The current operator of 13 years lives offsite and invests 10 to 20 hours per week either on grounds or operating the letting side of the business remotely. An efficient passive operation developed to enable this to be a part time addon if need be.

- The Coffs Coast is fast becoming one of the hottest holiday destinations in NSW outside of Byron Bay, and the opportunity to secure such a unique business, and furthermore land with future options is certainly worth being on ground for your vision of new existence can take place.

Turnover: $192,668 for 2019/20

Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1795MF (quote when enquiring)

Property Code: 3825

Property Summary

Motel Information

Marketing Agent
James Carrick
James Carrick

Listing location
Gallery

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