09 Oct 2023
Words
John Miller The Hotel Conversation
Nambucca Motel freehold for sale with ResortBrokers for $5M
The freehold going concern of The Nambucca Motel is being brought to market through ResortBrokers’ NSW Mid North Coast & New England agent Joshua Roberts. The property is being marketed as a private treaty sale with a list price of $5 million.
Boasting an annual net profit of $482,498, the 29-room motel is just five minutes’ drive from the Nambucca Heads town centre and just 10 minutes off the Pacific Highway.
Set across six hectares along a stretch of the Nambucca River, The Nambucca Motel has been a local mainstay for the last 50 years. The 29 guest rooms are comfortable ground floor units configured as doubles, twin shares or for families accommodating up to two adults and three children.
The motel has a private boat ramp and jetty for guest use, as well as a resort-size swimming pool. The motel’s other amenities include a bar and restaurant serviced by a commercial kitchen. A three-bedroom manager’s residence, which is detached from the main motel, completes the offering.
“If you want to get into the Mid North Coast’s booming accommodation property market, The Nambucca Motel presents the perfect entry point,” says Joshua Roberts. “The Mid North Coast has seen steady trading for many years and this asset holds significant promise. The property is a secure business as is, but it also has so much untapped potential. A refurbishment by the incoming owner would really take the motel to the next level and drive even greater revenue.
“The hotel’s location couldn’t be better. The Mid North Coast delivers exceptional yields for accommodation property business because it delivers high occupancy and consistent revenue. Freeholds on the Mid North Coast are tightly held for this reason. The Nambucca Motel is now coming to market for the first time in over 14 years. So, this is a truly rare opportunity to own a solid accommodation business in one of the region’s most loved beachside destinations. Nambucca Heads has stunning beaches, the best year-round climate in Australia and its famous laid-back charm is simply irresistible. That’s why it’s been a popular favourite for decades.”
View listing here.
Joshua Roberts
Broker, Mid North Coast NSW
joshua@resortbrokers.com.au
0439 654 464
