Taree, New South Wales

Leasehold $420,000

Property Description

1292ML - Motivated Seller for this Motel with a Huge Upside

- 20-unit motel in a CBD location

- A well presented and appointed 3.5 star self rated motel

- Conveniently located near restaurants, clubs and shops

- Air conditioned executive units with private balconies

- Panoramic views of the Manning River

- A saltwater pool and guest barbeque area

- The large owner's residence would be perfect for a new family owner

An exceptional opportunity to acquire the Leasehold interest of this 20-unit motel in a CBD location with 18 years from June 2018 remaining on the lease.

This property boasts a well presented, beautifully appointed 3.5 star self-rated motel, 300 metres north east of Taree's city centre. It is conveniently located near restaurants, clubs and shops. The main building faces the river, with its parklands, rowing and sailing clubs, and jetty and boat ramp.

Offering quiet, air conditioned executive units with private balconies and panoramic views overlooking the magnificent Manning River.

There is also a saltwater pool for those relaxing swims, and a guest barbeque area for summer lunches and evenings meals.

With plenty of local attractions including river cruises, joy flights, fishing, water skiing, arts and crafts, shopping and restaurant dining, it is ideal for a quick getaway or family holiday.

With a large owner's residence and waterfront location, this would be perfect for a new family owner.

Net Profit $91,993 for 10 months to April 2020 (as provided by vendor)


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

Property ID: 1292ML (quote when enquiring)

Property Code: 3468

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

James Carrick

Marketing Agency

Tourism Brokers

James Carrick
Tourism Brokers

Phone

Listing Tools

This listing last updated: 11th September 2020

Property Map

Map Location ( get directions )

Taree, New South Wales 2430 Exact map location not provided

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