153 Princes Highway, Narooma, NSW 2546Price: $5,000,000
Major South Coast Motel, Restaurant & Conference Centre
153 PRINCES HIGHWAY, NAROOMA NSW 2546 MAJOR MOTEL, RESTAURANT & CONFERENCE CENTRE
This property is the most substantial complex of its kind on the NSW south coast.
Located on the Princes Highway in the centre of Narooma, 4 hours south of Sydney, it covers 3 street frontages and 7152 sqm.
It comprises 6 major buildings and was renovated and refitted in a multi-million dollar program completed in July 2018.
The restaurant complex comprises a major commercial kitchen + snack kitchen + freezer & cool rooms + full bar + main dining room + separate private dining/conference room + staff amenities, commercial laundry and major storage area and services both the complex and region generally.
The 3 major accommodation buildings comprise 3 x 2 bedroom self contained units + 15 x 1 bedroom self contained units all with their own bathrooms, kitchens and laundries.
In addition there are 2 other freestanding conference buildings each with toilet amenities and 4 staff ensuite bedrooms.
The owners 5 bedroom penthouse with huge entertaining decks crowns the top of the site with ocean views.
Naturally there are multiple service, storage and electrical rooms and sealed parking for all vehicles required by council codes.
The complex is currently leased until May 2020 after which it will be available for sale with vacant possession and fully equipped or available for lease and sale as an investment.
Lease enquiries are invited as well as sale enquiries.
No sale of lease is involved and so no money other than a bond and showing substantial financial backing and experience.
This complex represents a unique opportunity in size and position for multiple ventures involving accommodation and all services.
A bonus is the redevelopment potential of the top of the property with ocean views STCA.
Viewing is only for genuine cashed up buyers ready to proceed to contract at $5,000,000 + gst or those who can demonstrate their genuine interest and financial capacity to lease the complex
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.