4 star Leasehold motel with consistent revenue in major coastal tourism centre | Resort Brokers ID : LH008498
$1,600,000
Motel (Leasehold) hospitality, COFFS HARBOUR NSW
ResortBrokers is delighted to bring to market the Park Beach Resort Motel located in a major coastal hub, Coffs Harbour. This opportunity is a beacon of stability, having maintained consistent revenue. The motel boasts a robust clientele base, with repeat business testifying to its enduring appeal. The quality rooms and facilities, including a swimming pool, barbeque area, tennis court and ev charging is a testament to the commitment of the current operators.
Coffs Harbour plays host to major sporting and leisure events throughout the year, drawing guests from far and wide and is bolstered being located halfway between Sydney and Brisbane.
- Strategically positioned in a bustling coastal hub, a mere 312km from the Gold Coast.
- Coffs Harbour is an established venue for major sporting and leisure events year-round.
- Remarkable resilience with sustained revenue, post-Covid.
- Boasts a loyal clientele base, underpinned by frequent repeat business.
- Comprises twenty well-maintained rooms inclusive two apartments.
- Reflects meticulous care in the upkeep of rooms and facilities, evident in their quality.
- Accredited4 star motel.
- Inspections are strictly by appointment only
Date updated: 22 Dec 2024 22:00:04
More Information
- Total Purchase Price: $1,600,000
- Net Income: $ 489,893
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?