Waterfront Motel Freehold Central Coast For Sale

Business description

HUGE PRICE REDUCTION.
How does waterfront living sound? Imagine if you could combine this with working from home on the beautiful Central Coast. Well now you can. By buying this wonderful motel freehold, you not only get the lakeside land but also the business to operate from your own private residence.

This motel is located on the northern end of the Central Coast about 1 hour north of the start of the F3 Freeway near Hornsby, and about 45 minutes south of the Newcastle CBD via the old Pacific Highway. It is also about one minute drive to the beach, or 7-8 minutes to walk if you are more agile. Shops, hotel, cafes and restaurants are a short 3 minute stroll across the lake, with the local club about a ten minute walk, but why walk when the courtesy coach will come and collect you from your door and drop you back home.

The motel boasts 13 units comprising singles, doubles, queen, king and family rooms and all combinations in between. There is no restaurant, although breakfasts will be delivered to rooms upon request. All linen is laundered on site and this motel is currently operated by one full time owner and two casual employees. All rooms are fully air conditioned and
there is a council owned jetty and boat ramp right next door.

All on a 1600 square metre block, and the potential to extend upstairs above all existing units, this motel has been owned and operated by the same person for over eight years now and she now deserves to retire.

Property information

Real Estate:

Real Property Included

Living accommodation:

On site residence is double storey, with an ensuited master bedroom upstairs leading off large living room and a second HUGE self contained bedroom for kids or guests which is the old restaurant converted that could easily be turned into 3 bedrooms or convert back to restaurant. The residence downstairs has a large lounge/living area with a commercial stainless steel kitchen and a private outdoor garden enclosure.

Location:

Lakeside waterfrontage in mainly residential area, short stroll to all facilities.

Other information

Expansion potential:

Expand upstairs above existing units?
Marketing could easily attract higher occupancy.

Competition / Market:

Only motel in suburb.

Support & training:

Yes

Reasons for selling:

Retirement.

Trading hours:

7am - 9pm.

Financing available:

Negotiable

Contact the seller