South Murwillumbah, New South Wales

RARE FREEHOLD GOING CONCERN MOTEL NSW FAR NORTH COAST

$2,495,000 FHGC

Business Description

On offer is this recently refurbished Freehold Going Concern Motel located in the picturesque NSW Far North Coast town of Murwillumbah; a region experiencing huge growth. This is the first time the motel has been on the market in 19 years and is a rare opportunity in this area.

The motel features 10 good sized refurbished rooms over two levels. The manager’s residence is a fantastic 3-bedroom 2 bathroom stand-alone partly renovated home, with new kitchen and generous living area down stairs and bedrooms and a second living space upstairs.

This motel is a very consistent performer with plenty of upside potential. Increased marketing and boosting occupancy and tariffs would see profit grow. The motel is well located on the southern side of town only 500m from the very popular Regional Art Gallery & Margaret Olly Art Centre.

Murwillumbah is a town in far north-eastern New South Wales, in the Tweed Shire, on the Tweed River. Sitting on the south eastern foothills of the McPherson Range in the Tweed Volcano Valley, Murwillumbah is 848 km north-east of Sydney, 13 km south of the Queensland border and 132 km south of Brisbane.

Murwillumbah is just a short 30-minute drive to the tourist hotspots of Byron Bay and the Gold Coast. The motel is only 25 minutes away from the new Tweed Valley Hospital and Coolangatta International Airport.

- Net Profit $258,854

- Rare FHGC Motel in this region

- Great stand alone 3 bedroom residence

- 10 excellent refurbished rooms

- Booming growth region

Inspections by appointment only.

Property Code: 313

Business Summary