Taree, New South Wales

1605ML - UPGRADED RIVERFRONT LEASEHOLD IN STRONG MID NORTH COAST REGION

LEASEHOLD $555,000

Property Description

- Manageable medium sized corporate style leasehold property.

- Purchase at $480k with a 15yr lease and buy more years later.

- New lease of 25-year option also available.

- Trading with a 42% return on investment over the past years secured by huge number of return clients.

- Second highest rating on TripAdvisor.

- Significant repairs, maintenance, and operational system investment over the past 18 months.

- Recently operated into favourable commercial position in readiness for new owner to benefit from the area and accommodation sector upside.

- Conveniently located near waterways, national parks, and the Entertainment Centre.

- Attractions include landscaped gardens overlooking deep river, barbeque facilities and a saltwater pool.

- Onsite fully licensed restaurant not currently utilised providing further upside for the incoming owner.

- Suitable for family holidays, stopovers, and the business traveller.

- Three-bedroom residence ideal for a small family.

Certainly, prime time for domestic travel operators with moteliers experiencing unrivalled commercial times. Predictions expect this to continue in a positive trajectory for potentially years to come. Thus, providing a fantastic opportunity to purchase your own lifestyle motel business.

Net Profit: $192,079 expected for 2020/21

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

Property ID: 1605ML (quote when enquiring)


Location: One of the major towns on the rivers of the NSW Mid North Coast, Taree is idyllically situated on the Manning River 317 km north-east of Sydney with the Pacific Highway running right through the town. It is a big, modern, attractive town servicing the surrounding rural industries and driven by the tourists and travellers who pass through the town. It is located 16km inland from the mouth of the Manning River and consequently has tended to develop more as a service centre and stopover point than as an actual tourist destination.

Property Code: 3803

Property Summary

Motel Information

Marketing Agent
James Carrick
James Carrick

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Low Rent & Highly Profitable Mid North Coast Leasehold Motel - 22 Rooms - 1P5349M
CRE Brokers
Low Rent & Highly Profitable Mid North Coa...

TAREE

Leasehold $675,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

20 ROOM LEASEHOLD MOTEL NORTHERN RIVERS OF NSW WITH 15 YEAR LEASE AND 44% RETURN!!
A B Brokers
20 ROOM LEASEHOLD MOTEL NORTHERN RIVERS OF...

TAREE

$480,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

ABSOLUTE GOLF COURSE FRONTAGE NSW LEASEHOLD MOTEL
A B Brokers
ABSOLUTE GOLF COURSE FRONTAGE NSW LEASEHOLD...

WINGHAM

$660,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

33 Year Leasehold, Refurbished 28 Rooms in Thriving Motel Town! | Resort Brokers ID : LH006811
ResortBrokers
33 Year Leasehold, Refurbished 28 Rooms in...

TAREE

$675,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

 28 Room Mid North Coast Motel with 33 Year Lease &  $300,000 Profit  - 1P5303M
CRE Brokers
28 Room Mid North Coast Motel with 33 Year...

TAREE

Leasehold $675,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Mid North Coast Leasehold Motel Located Close to Town Centre - 1P5207M
CRE Brokers
Mid North Coast Leasehold Motel Located...

TAREE

Leasehold $480,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Business For Sale - Live the Bayside Lifestyle - ID 8957 BL
Prime location with high occupancy rates & net returns | Resort Brokers ID : LH006891
Quest Apartments - Regional Powerhouse, net profit over $1m | Resort Brokers ID : LH006917
Business For Sale - Lifestyle Permanent Management RIghts - ID 9031 BL
Realistic Vendor - Keen To Sell
Not Required to Live Onsite
Located in Eight Mile Plains
Rare Large Townhouse Complex - High Renumeration
Quiet Townhouse Complex
Solid Investment - Motivated Vendor
Great Value Management Rights in Loganlea
Low Multiplier - Realistic Vendor - Potential For Growth
Brisbane CBD - Motivated Vendor
82HF - THRIVING QLD PUB WITH FANTASTIC ROI
Business For Sale - Large Varsity Lakes Permanent - ID 8941 H
Secure this rare FREEHOLD motel on prime coastal reality with KNOCKOUT views! | Resort Brokers ID : FH006910
ONE OF QUEENSLAND'S LARGEST MANAGEMENT RIGHTS PORTFOLIO’S TO HIT THE MARKET | Resort Brokers ID : MR006896
FREEHOLD CARAVAN PARK IN NORTH WEST QLD OFFERED WITH RETURN OF OVER 16%