Taree, New South Wales

1283MF - MID NOTHING COAST NSW FREEHOLD GOING CONCERN - A MUST TO INSPECT!

FREEHOLD $3,500,000

Property Description

- 21 ground floor, refurbished units motel

- Currently a Bed and Breakfast operation

- Close to Restaurants and eateries

- Restaurant, bar, and commercial kitchen previously leased, but not currently in use

- Ample opportunity to add additional income

- Located in a strong regional area boasting significant demand from Corporates

- The three-bedroom residence has been completely renovated to a high standard

- Current use of on-line Internet Bookings limited

- Whether adding it to your portfolio, exiting the city for a lifestyle change, or securing a future passive investment, this motel deserves your closest consideration

- Contact us now for further information.

Net Profit: $489,396 for 2020/21

Contact David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1283MF (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. 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 has tended to develop more as a service centre and stopover point than as an actual tourist destination.

Today Taree is a successful rural centre sustained by a wide range of activities including dairying, a timber industry, leather goods and engineering works. Taree CBD centered along Commerce Street, together with shopping centre development to the west, provides a broad range of retail and commercial facilities.

Property Code: 4041

Property Summary

Motel Information

Marketing Agent
David Head
David Head

Listing location
Gallery

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