Located within easy walking distance of one of Coffs Harbours major surfing beaches, this larger than average leasehold is very attractively priced and includes a three bedroom manager’s residence.  

The solid brick motel features 23 large rooms, including a number of one and two bedroom self contained units.  A fully licensed restaurant is integrated into the main building and included in the leasehold.

The motel has tended to specialize in accommodating sporting groups who regularly visit Coffs Harbour for extended periods.  Unlike many of its competitors, it can accommodate large tourist coaches on site.

Other amenities include a fully licensed restaurant, barbeque facilities, a fitness centre and a well equipped laundry.  The entire complex is centred around a newly renovated 17 metre pool.

One of the best surf beaches in NSW is only five minutes stroll away.  The largest regional shopping centre between Newcastle and Tweed Heads is less than 300 metres away, yet due to its unique location, the immediate environment surrounding the motel is very quiet.  

A brand new twenty five year lease is available to the successful purchaser.  Based on data supplied by the vendor, the asking price of $399,000 is estimated to yield a 29% return if the leasehold is managed by the lessee rather than under management as at present..  This is far better than the 22% rule of thumb return recommended for coastal motels.

Full training will be provided to purchasers new to the industry.

Deposit required $150,000