Yamba, New South Wales
UNIQUE WATERFRONT "MOTEL STYLE" RESORT
$2,090,000
Business Description
Seize the opportunity to own and operate a unique “motel style” waterfront management rights business in the picturesque coastal town of Yamba. With its stunning views, relaxed lifestyle, and thriving tourism market, Yamba is one of the most sought-after destinations on the New South Wales North Coast.
The business is in a prime location with an established reputation. The Moby Dick Motel has been a trusted name for visitors for decades, with a strong customer base and positive reviews. The complex consists of 25 well maintained motel units and 4 townhouses. 22 units are included in the letting pool along with three 3 bedroom townhouses. The business is well priced and showing a healthy net profit. There are no set office hours and the Resort is well-Suited for couples or individuals: The size and structure of the motel make it ideal for hands-on owners who want to create a welcoming, personal guest experience. The simple, functional two -story layout makes the motel easy to manage, with the current owners having excellent processes in place for new owners to step in seamlessly.
- Low Maintenance
- Easy to Operate
- No Set Office Hours
- Healthy Net Profit $331,284
- Stable Letting Pool
- Booming Coastal Town
- Long Agreements in place 10 year Caretaking and 25 year Letting
If you’ve been dreaming of a lifestyle change and a new business venture, this is an opportunity you won’t want to miss!
Property Code: 197
Business Summary
Business Snapshot
Price: $2,090,000
Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On TitlePets OK: YesGround floor 2 Bedroom 1 bathroom 2 car spaces
Extra on title; commercial kitchen, guest laundry, linen storeroom lockup shed, 3 x storerooms upstairs
Complex Information
Complex Type: HolidayStar Rating: 3Total Units in Complex: 29Total Units in Letting Pool: 25Owner Occupy Units: 2Lockup Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes
Key Investment Insights
1. Prime waterfront location in a popular coastal town with a thriving tourism market.
2. Established and well-respected business with a strong customer base and positive reviews.
3. 25 well-maintained motel units and 4 townhouses included in the complex.
4. 22 units in the letting pool, providing a stable income stream.
5. Simple and functional two-story layout, making it easy to manage.
6. No set office hours, allowing for a flexible and relaxed lifestyle.
7. Healthy net profit of $331,284.
8. Long agreements in place for both caretaking and letting.
9. Low maintenance and easy to operate.
10. Manager's unit with 2 bedrooms, 1 bathroom, and 2 car spaces included.
11. Extra on-title features such as a commercial kitchen, guest laundry, and storage rooms.
12. Complex features include a pool, spa, BBQ area, and function facilities.
13. Agreement module is standard with a remaining term of 22 years.
14. Pets are allowed in the manager's unit.
15. Opportunity for hands-on owners to create a personalized guest experience.
16. Ideal for couples or individuals looking for a lifestyle change and new business venture.
