1115ML - Coastal Lifestyle Leasehold in Booming Port Macquarie

SOLD

Rare accommodation-only coastal leasehold opportunity
A beautifully appointed 3.5 self-rated 23 rooms
Well located two blocks from the center of town and the iconic Port Macquarie Town Beach
Established and efficient to operate over three levels
Various room configurations catering for repeat corporate and tourist guests
25 years remaining on the lease with high net operating profit and particularly low rent ratio (30% rent to NOP)
10 recently refurbished deluxe suites
Unrivalled repeat guest booking for all of Port Macquarie’s major sporting and lifestyle events
Upside available with a food and beverage focus
Additional upside bringing room 101 back into the letting pool, current used by owner’s daughter
Occupancy growth opportunity for incoming purchasers
Priced to sell showing a plum 30% return on investment

Tourism Brokers exclusively present a beautifully appointed 3.5 self-rated 23 room leasehold motel in the heart of booming Port Macquarie.

Attractive rent ratio, a lengthy lease term plus genuine income upside create a lifestyle business opportunity which seldomly reach the market.

Net Profit $285,500 for 2018/19

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

Property ID: 1115ML (quote when enquiring)

Location: Port Macquarie is perfectly located along the Mid North Coast of New South Wales, only 260km north of Newcastle, 420km from Sydney and 510km from Brisbane. Being half-way between Sydney and the Gold Coast makes the resort town an ideal stop off if your touring up to Byron Bay or south east Queensland.

Tourism is obviously central to the local economy, although fishing, oyster farming, manufacturing and mineral processing are also important.

As well as being a thriving centre of tourism for many years, Port Macquarie is a mature, long-established community with regional centre status. This status comes from its broadly-based public and private business sectors coupled with a dynamic retail and commercial district.

Price	SOLD
Location	Port Macquarie
Property ID	1115ML
Category	Motel

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
Centralised Administration 32 - 34 Lamorna Avenue
Beecroft NSW 2119

Ph: 1300 512 566 (International +61 2 9872 9943)
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Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

To maintain the confidentiality of the information and material made available to me/us, I/we agree as follows;

a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

b) Any copies made of the information and material will only be for the purpose of internal communications and that a system will be instituted to facilitate the recovery of any such copies.

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This undertaking shall not apply to information and material that;

a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

b) Was already known to me/us before the date thereof.

c) Is subsequently provided or disclosed to me/us by a third person who has the right to provide or disclose same.

d) Is disclosed by me/us pursuant to any law or order of any court, of any governmental agency or other regulatory body with whose instructions me/us are bound to comply with.

Although I/we understand that Tourism Brokers Pty Ltd, Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers and the Vendor and their Solicitors believe that the material to be provided is accurate to the best of their knowledge, I/we acknowledge that no representation or warranty has been made or given as to the accuracy or completeness of any information or material obtained. I/we agree that neither Tourism Brokers nor the Vendor or their Solicitors have any liability to me/us or any of our advisers or representatives, arising from the selection or use of the information or material by me/us and any associates.