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Rare 4-star freehold resort in tourist mainstay Coffs Harbour | Resort Brokers ID : FH008595
Expression of Interest
Hotel hospitality, KORORA NSW
Just two minutes drive from Korora Beach, Korora Bay Village Resort is a high-performing four-star holiday property that has consistently earned TripAdvisors Certificate of Excellence.
Spread over two hectares of tropical gardens, this 23-apartment resort has been diligently maintained, affording the new owner the opportunity to hit the ground running with a thriving accommodation business in one of NSWs most well-established holiday destinations.
Korora Bay Village Resort enjoys an excellent reputation and has been operated under a timeshare model with a small portion of external letting, predominantly family guest profile. Online reviews are routinely glowing, including a Fabulous 8.9 (from 10) on Booking.com, a Very Good 4.5 rating (from 5) on TripAdvisor and a 4.4 Very Good on Google.
There is long-term development potential with adding to the current offering or alternate route being zoned low-density residential, subject to Council approval.
A strong management team, led by a general manager who lives locally, provides vital continuity ensuring a smooth transition for the new owner.
- 23-apartment, four-star holiday resort in Coffs Harbour
- Booming coastaltourist hotspot
- Outstanding guest reviews and OTAs
- Exceptionally well-maintained resort with excellent facilities
- Rare opportunity for freehold purchase
- Strong occupancy with family orientation, as well as some business trade
- Significant upside in revenue and occupancy
- Substantialvacant land for future development (STCA)
- Inspections are strictly by appointment only
Expressions of Interest closes 5 pm 14 March 2025 Date updated: 02 Mar 2025 22:00:04
More Information
- Total Purchase Price: Expression of Interest
- Net Income: $ 0
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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
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This is the body corporate caretaker salary. It is included in the Net Income above.
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The value of on-title property included with the business. Its price is included in the Total Purchase Price.
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Can the manager own a pet on site?