220 Pacific Highway,
Coffs Harbour, NSW 2450

Hotel, Motel & Leisure

Price information

Sold

$1,125,000

Key property information

Floor area

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Map of 220 Pacific Highway

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8.5% Net Return...

Land Mark Motel in Coffs Harbour ( AROSA MOTEL )
Icon Motel building is selling.

Currently occupied and leased. The owners of the property have made the decision to sell the property.
This land mark building will be sold to the right owner or future occupier. Located on a great spot with great exposure and plenty of potential for future development site or expansion. Only 1.2kl to Centre of City and Marina.

- Current lease, 5 years + 3 x 5years option
- Lease commenced June 2013
- Land size, 6,640 sqr mtr approx
- Current rental income $117.000 + gst + outgoings
- New CPI increases due June 2014
- Separate Town houses and single level Villas
- Under cover BBQ area
- In ground Swimming pool
- Snooker and games room
- Moments from Big Banana attractions, Cinemas and Ten-Pin bowling alleys
- Few moments drive to the local beaches, City Centre, Palm Shopping Centre, Cafes and Restaurants

Property Code: 138

Property ID: 501104703Last Updated: 23 Sep 2014

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