South West Rocks, New South Wales

Thriving NSW Mid North Coast Motel & Land Development -1P4948M

SOLD

Business Description

CRE Brokers are excited to be appointed exclusive agents for the sale of Costa Rica Motel located in South West Rocks on the mid-north coast of NSW.

Tourism on the east coast of Australia is thriving with Australians overseas and overseas visitors being drawn to the world class beaches, fishing and natural beauty due to the outstanding value for money and ease of access.

The Costa Rica Motel has only one direct competitor and has achieved significant sales growth on consecutive years.

. 22 rooms (only 20 in the current letting pool)
. Additional Income est. at $25,000 in rental Income from Licensed Restaurant and Dive Shop Leases
. Profit in excess of $300,000

Investment – Development Opportunity: A large parcel of land (6960 sq mtrs) offers an extremely good short and long term investment or development opportunity to a savvy buyer to retain the Motel or sell a lease whilst considering the best approach to develop the remaining land.

A clear understanding of the full potential of this opportunity is best assessed by inspecting the Motel, land and area in person.

Business Summary

Marketing Agent

Darren Leaney

CRE Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Exclusive agents appointed for sale of Costa Rica Motel in South West Rocks on mid-north coast of NSW.
2. Thriving tourism industry on east coast of Australia, with high demand for world class beaches, fishing and natural beauty.
3. Only one direct competitor for Costa Rica Motel.
4. Significant sales growth achieved on consecutive years.
5. 22 rooms available, with potential for additional income from licensed restaurant and dive shop leases.
6. Profit in excess of $300,000.
7. Large parcel of land (6960 sq mtrs) offers short and long term investment or development opportunity.
8. Potential to retain the Motel or sell a lease while considering development options for remaining land.
9. Personal inspection recommended to fully understand the potential of this opportunity.