Entry Level Motel Accomodation Prime Mid-Coast

19 Lake Street , Forster NSW

Property Highlights

Bella Villa Motor Inn
Prime Mid-Coast Location
Unique one-line opportunity

Description

Unique one-line opportunity to purchase 6 motel units (27% of total ownership)
10 year management agreement to 2023 + 10 year option to 2033
Fully leased operation with current manager at this address for 20+ years
Income stream with historically impressive occupancy levels
Forster: Mid North Coast population of 94,004 and forecast to grow to 113,147 by 2036
Current R4 – High Density Residential Zoning may allow 10 level development, STCA and consolidation of other unit owners
Net Income: $32,036 pa + GST
For Sale by Expressions of Interest
Offers Closing 4pm AEDT Thursday 12 December

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Special Use
Land Size
1 SQM
Building Area
1 SQM

Price

Contact Agent

Contact Agents

Kieran Bourke

+610 417 418007

Contact Me

Darren Beehag

0411 226 223

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