Sold

1114ML - BLUE CHIP WATERFRONT BOUTIQUE LEASEHOLD HOTEL

SOLD

5,000 m2
  • 4 - star coastal property, Country County affiliation without ongoing obligation
  • An ultimate balance of corporate and leisure trade
  • 5,000 square metres of land with direct jetty and river access
  • 61 rooms, 130 seat restaurant, large conference/wedding facilities, unrivalled outdoor entertaining option inclusive of large resort pool, waterfront decking and remote outdoor bar/cafe
  • Annual income of Circa $3.5m
  • Occupancy Circa 90% in normal trading periods
  • 30% Return on Investment

The property and the market in general, is poised to explode with domestic travel. This investment vehicle has an existing corporate business stronghold, coupled with upside from all revenue streams with specific focus.

The ability to run under an employment structure, or a high-income husband and wife team will generate certain interest in this offering.

Priced guided to sell to enable the existing owners of 6 years to move to their next venture.

Net Profit: $803,242 for 2019/20

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

Property ID: 1114ML (quote when enquiring)

Price SOLD
Location Port Macquarie
Property ID 1114ML
Category

Quick Links

Share Property