HTL Property is pleased to exclusively present for sale City Sider Motel and Apartments.
Investment Highlights include:
∙ Accommodation component offers 39x spacious suites and 2x 3 bedroom serviced apartments
∙ Significant 5,970sqm* land parcel with dual street access
∙ Highly favourable zoning for further development (B3 Commercial Core, 4:1 FSR, 45m HOB)
∙ Opportunity to reposition the accommodation by way of refurbishment
∙ Ideally located on Marius and White Streets, directly in the heart of the Tamworth CBD
∙ Encircled by retail, a shopping centre, restaurants, bars and office space
∙ Currently a highly profitable accommodation operation; opportunity to introduce F&B
1. The business for sale is City Sider Motel and Apartments, located in the heart of Tamworth CBD.
2. The accommodation component offers 39 spacious suites and 2 serviced apartments, providing a variety of options for guests.
3. The property sits on a significant 5,970sqm land parcel with dual street access, providing potential for further development.
4. The property is zoned B3 Commercial Core, with a 4:1 FSR and 45m HOB, allowing for potential future growth and expansion.
5. There is an opportunity to reposition the accommodation through refurbishment, potentially increasing its value and appeal to guests.
6. The motel is ideally located on Marius and White Streets, surrounded by retail, a shopping centre, restaurants, bars, and office space.
7. The current operation is highly profitable, but there is also an opportunity to introduce food and beverage options to further enhance the business.
8. The property is being sold by Private Treaty, providing flexibility for potential buyers.
9. Tamworth is a popular tourist destination, known for its annual country music festival and other events, making it an attractive location for a motel business.
10. The property is well-established and has a strong reputation, providing a solid foundation for a new owner to build upon.
