Port Macquarie, New South Wales

Under Contract / Offer

Property Description

Rare Development Opportunity - Port Macquarie CBD Waterfront Freehold Motel | Resort Brokers ID : FH004311

Resort Brokers ID : FH004311

Expressions of Interest close 30th September 2016


Motel:


  • The heart of Port Macquarie’s CBD

  • 24 x 3.5 AAA star rated rooms of various configurations

  • Consistent income growth

  • Hastings River waterfront views

  • 5 squash courts with bar, games and reception area

  • Popular sub-leased Korean restaurant

  • Under covered parking

  • Pool, spa with outdoor BBQ area


Development Application:


  • NO SUNSET CLAUSE

  • 22 apartments plus one penthouse suite

  • 4 commercial office suites or 4 additional apartments

  • 6 retail ground floor spaces

  • 44 parking spaces (Excess 5 can be strata and sold or leased out)

  • 24 storage bays

  • Pool/sauna/gym

  • Leisure centre

Commercial space = 800m2


NB: Property inspections are by appointment only




Date updated: 21 Jul 2017 23:00:09

Property Summary

Business Snapshot

Price: Under Contract / OfferNet Profit: $325,000

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Map Location ( get directions )

Port Macquarie, New South Wales 2444 Exact map location not provided

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