Coastal Freehold Motel Redevelopment Site

Coastal Freehold Motel Redevelopment Site — Property · New South Wales

Two adjoining freehold titles with long-established tourist accommodation use Land area approximately 8,119sqm 14-room, 4-star standard motel still in operation but not sold as a going concern Swimming pool, Wi-Fi and on-site parking Coastal views, 1.4km from shopping precinct and 10 minutes' drive to airport Flexibility for redevelopment, repositioning or intensification (STCA) Located in the…

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Coastal Freehold Motel Redevelopment Site

Motel

ActivePropertyB2C

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Asking price

N/A

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

n/a

Price includes the property

Brief

Two adjoining freehold titles with long-established tourist accommodation use
Land area approximately 8,119sqm
14-room, 4-star standard motel still in operation but not sold as a going concern
Swimming pool, Wi-Fi and on-site parking
Coastal views, 1.4km from shopping precinct and 10 minutes' drive to airport
Flexibility for redevelopment, repositioning or intensification (STCA)
Located in the Sapphire Coast market

Motels in New South Wales

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Listed

+4 in 30 days

Median asking

$3.2M

26 priced

Earnings multiple

10×

9 listings

Time listed

40d

11 tracked

Price drops

in 30 days

Asking price spread26 of 30 state a price

23%

31%

35%

$250K–$500KOver $5M

Queensland 19 · Victoria 19 · Canterbury 10 · Northland 9 · Bay of Plenty 8

Cafes 270 · Takeaways 114 · Childcare centres 110 · General retail businesses 106 · Restaurants 101 · Manufacturing businesses 48

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