, Forster NSW

For Sale



Description: North Coast CBD location. Small B&B motel. Run now and develop in the future into apartments and/or commercial.
AAA Rating: 3½ star.
Construction: Brick & weatherboard with iron roof. Two storey. Neat & tidy building. Prime location.
Residence: 3 bedroom, 2 with built-ins, own kitchen, dining room, lounge, bathroom, courtyard, no garage.
Age: 1960 - 1970
Clientele: Strong family & tourist trade. Very well positioned - walk to shops & beach.
Land Area: 1000sqm
Tariffs: Single $75 - $95; Double $80 - $130; Family $120 - $140; Extra Person $20 - $30
Chain Affiliation: No
Lease: No
Laundry: Linen all hired. Domestic equipment only.
Restaurant: No - walk to local restaurants & bistros. Plenty of options within 100 metres.
Services: Suites with limited cooking facilities, pool, BBQ, room service breakfast, air-conditioning.
Turnover: $212,881 2006/2007, $152,426 2007/2008 10 months.
Comment: Closest motel to the CBD in popular North Coast tourist city. Neat & tidy inspection. Walk to all amenities including beach, shops & restaurants. Run now and redevelop in the future. Great opportunity. Land value must increase.