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69-71 Clarence Street
Port Macquarie NSW 2444
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Sold on 1 Mar 2024

69-71 Clarence Street Port Macquarie NSW 2444

  • Hotel, Motel, Pub & Leisure
  • 2,119 m²
  • Sold

Oceanfront Freehold Investment Motel in the Heart of Port Macquarie

  • - Substantial 2,119sqm* site
  • - Leasehold investment paying $407k* pa
  • - Refurbished 38 room motel

HTL Property is pleased to offer for sale the freehold investment interest in the Mid Pacific Motel, a strong performing motel superbly positioned within the vibrant Port Macquarie CBD on the highly desirable NSW North Coast, and offering an abundance of value-add opportunities.

Key Investment Highlights

Located on the highly desirable Mid-North Coast of NSW

Port Macquarie is a top tourist destination and major regional city

Refurbished motel offering 38 guest rooms plus quality facilities

Leasehold investment paying $407k* pa with built-in annual increases

"Buy Back" clause from 2025 to secure the full freehold going concern

Substantial 2,119sqm* site with favourable Commercial Core zoning

Prime CBD position with water frontage and dual street access

Strategically midway; 4hrs drive to Sydney and 5.5hrs to Brisbane

Diverse $5.9 billion* economy supported by a substantial population

Significant incoming government spending for major infrastructure

#1 regional NSW tourist destination with circa 11.79 million* visitors

*approx.

The Mid Pacific Motel provides a prime opportunity to capitalise on the booming tourism market and excellent value-add opportunities, while the substantial landholding and prime location will underpin long-term value.

EXPRESSION OF INTEREST

Closing date and time06/12/2023 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent
HTL Property
HTL Property
Level 3/319 George St
Sydney, NSW 2000

Property Highlights

Date Sold1 Mar 2024
Floor AreaAsk Agent
Land Area2,119 m²
ParkingOn site parking available
Property ID2018881892
Category
Last updated  29 Feb 2024
Map for 69-71 Clarence Street Port Macquarie NSW 2444

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HTL Property
HTL Property
Level 3/319 George St
Sydney, NSW 2000

Property Highlights

Date Sold1 Mar 2024
Floor AreaAsk Agent
Land Area2,119 m²
ParkingOn site parking available
Property ID2018881892
Category
Last updated  29 Feb 2024

Co-Agents

Andrew Jackson
Andrew Jackson
HTL Property
Call
0405 355 972

More about 69-71 Clarence Street Port Macquarie NSW 2444

69-71 Clarence Street Port Macquarie NSW 2444 is categorized as Hotel, Motel, Pub & Leisure Property. It has a land area of 2,119 m². The listing ID for this property is 2018881892.

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