UNDER CONTRACT
Tourism Property are exclusive agents for the sale of one of the LARGEST LEASEHOLD MOTELS in NSW
The Country 2 Coast Motor Inn has 52 rooms and self contained apartments, located in booming Coffs Harbour.
Right next door to the iconic Big Banana.
Property Highlights:
- 52 rooms and self contained apartments
- Bar, restaurant and conference centre
- Offers close Thursday 16th May – act now
Property Details:
Once known as the Country Comfort, this 52 room motel has been completely overhauled by the current tenants, with a long list of major upgrades and extensive renovations across their 7 year ownership.
Generating in excess of $2.0m annual turnover (FY23), the revenue scale enables a full management structure and the existing management team are most willing to stay on.
There are a wide variety of rooms, ranging from standard through to huge apartments. 15 metre pool, undercover BBQ area, plus floodlit tennis court. The 4 acres of grounds offer ample parking with room for buses and heavy vehicles.
Coffs Harbour is in the midst of major rejuvenation with the long awaited M1 Pacific Motorway bypass well underway. This multi-year project is already generating significant motel room demand into the city and will see heavy vehicles removed from the highway.
Country 2 Coast Motor Inn occupies an extremely prominent location adjoining the iconic Big Banana. The high visibility is advantageous, as is the 4 way highway access.
All guest rooms have new flooring, Air Conditioning and are freshly painted. 18 rooms have been significantly renovated in 2023.
Managers Accommodation:
– Oversized 3 bedroom apartment adjoining reception
– Additional 3 bedroom house, currently leased
Reception:
– GuestPoint front office system
– Hard-wired camera system covering the entire property
Restaurant:
– 70+ seats, Australian outback / country theming
– Serving a la carte breakfast and dinner 7 days
– Buffet / bain marie station for coach groups
– Online with MenuLog and Uber Eats, DoorDash
– New air conditioning, TV’s and lighting
Bar:
– Adjoins restaurant, with a separate entrance upstairs from swimming pool
– Covered outdoor balcony, overlooking two large timber decks
– New air conditioning, TV’s and lighting
Conference Room:
– Approx. 100 square metres plus covered outdoor area
– Dispense bar, plus male and female bathrooms
– Sparsely used at present
Other:
– Commercial laundry – 2 x Maytag dryers, 2 x LG 10kg washers
– Triple garage and 3 storage sheds
– Guest laundry with 2 washers and 1 dryer
– Hot water systems upgraded 2022, with gas backup
– Recently upgraded Wi-Fi
Financial:
A summary of the profit and loss statements is below, while detailed financial reports will be provided to qualified purchasers.
Method of Sale:
Country 2 Coast Motor Inn Coffs Harbour is offered for sale as a leasehold going concern.
Inspections are available by appointment, accompanied by the exclusive agent.
The vendors insist that staff and management are not contacted under any circumstances. Your agent will assist with any and all enquiries to ensure discretion.
A data room will be offered to provide necessary documentation and further information.
Please direct all enquiries only to the exclusive broker, Matt Davidson of Tourism Property.
An offer document is available upon request.
We recommend your prompt attention – offers close Thursday 16th May 2024
Offers close Thursday 16th May – arrange your private inspection now with exclusive agent Matt Davidson.
Inspections are ONLY available when accompanied by the agent and require a minimum of 48 hours notice – please call to discuss your interest and purchasing credentials.
More Information:
An information memorandum has been prepared and will be provided to qualified purchasers.
Please call exclusive agent Matt Davidson at Tourism Property to discuss your next move.
To register as a buyer, click here.
You will need to return the confidentiality agreement in order to receive further information on this property.
Listing Agent
Matt Davidson
Managing Director
Mobile: 0400 200 139
