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Coastal freehold going concern 32 keys | Resort Brokers ID : FH008607
$9,150,000
Motel (Freehold) hospitality, FORSTER NSW
ResortBrokers presents an exceptional business opportunity with the Island Palms Motor Inn in Forster. This expansive 6,240sqm property features 32 well-maintained motel rooms and two residences.
Positioned on a main road, it offers significant exposure and accessibility. With a current occupancy rate of 63 percent and a strong repeat clientele, the property is under-trading, presenting substantial revenue growth potential.
Facilities include a commercial kitchen, restaurant, and swimming pool. Recently refurbished, this property is poised for success, supported by local developments and a thriving tourism sector.
First time on the market in over 21 years.
- Prime 6,240sqm landholding
- 32 spacious, well-maintained motel rooms
- Includes two residences; a four-bedroom and a two-bedroom
- Situated on a main road in a bustling coastal tourism area
- Significant revenue growth potential
- Rare large-scale property ownership opportunity
- First time on the market in over 21 years
- Local developments promise ongoing growth
- Inspections by appointment
Date updated: 02 Mar 2025 22:00:04
More Information
- Total Purchase Price: $9,150,000
- 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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