Bizsmart Business Brokers

A Professional Approach

Mid North Coast Beach Motel Freehold

Mal Harrison

Phone:  4943 2976    Fax:  4943 2916

Mobile:  0412 859 539

E-mail: mail@bizsmart.net.au   

To contact us:

Motel Mid North Coast Freehold B + B - Forced sale due to serious health issue

Brick veneer/tile solar powered c. 1990 - On the main road into town enjoying high exposure to passing traffic - Excellent visibility and ease of access for motorists - Freehold as a going concern

 

Breakfast to rooms – Modern commercial laminated kitchen

9 unit AAA rated 3 Stars. Just across the road from the mouth of a popular river and nearby boat ramp with access, located between the Pacific Highway and the Tasman Sea’s superb north coast beaches, water sports, fishing, boating, sailing.

20 minutes from a major town with all large supermarkets and services/amenities. Established local shopping centre with a national supermarket  as well as plenty of dining venues along with several registered clubs and a popular hotel

 

A full time manager is employed to keep the motel operating and this arrangement will continue until the property is sold. Occupancy rates are improving as there is now no local 3 star competition with other motels in nearby towns closing down. Because this coastal sector as a whole is a renowned holiday destination lying between the Pacific Highway and the Tasman Sea there is not a great deal of fluctuation in monthly income as the cooler months still attract acceptable visitor numbers. All units feature 2 way bathrooms and queen beds with a disabled suite and several larger family friendly suites, some with cooking facilities. The motel is capable of earning approximately $120,000 to $150,000 annually provided it is owner operated by a couple who can look after guests as the operation has a sound breakfast trade history and competition is limited. 

 

Owners quarters: Comfortable with 2 bedrooms, bathroom, lounge & dining opening on to reception.  No pool thereby saving time and money . Double carport/high pitched roof. Plenty of hardstand for boat parking.

 

Land area: 1,460m² – just over a 1/3^rd of an acre approximately

 

Source Documents: 10 years occupancy rate graph by individual months. Banked annual income 1998 to 2008. Room configuration. Location Map. Photos of rooms and entire motel development.  Asset Register. Menus. Motel information brochures. Motel history relating to the past two years of operation.

 

Appointments: Property details will be disclosed once confidentiality deed is completed. This deed specifies that interested parties have the necessary funds to cover the purchase price and stamp duty