1/30 Tweed Coast Road

Hastings Point NSW 2489

~ 1 strata title ground floor unit available for $103,000 (Unit No. 1)
~ 1 strata title first floor unit available for $99,500 (Unit No. 18)
~ 1 strata title first floor unit available for $175,000 (Unit No.14)
~ Units vary in size and each have an allocated car space
~ Shared laundry, in ground swimming pool, BBQ facilities
~ Very short stroll to surf beach or catered bowls club
~ No other motel complex in Pottsville
~ Owners permitted to occupy motel units for up to 90 days p.a.
This well established motel has undergone major renovations to the building, car park, pool, laundry, landscaping and internal area and furnishings of motels units. It is central to village shopping, a short 150m stroll to patrolled surf beach, is on main thoroughfare road, central to Tweed Coast attractions such as hinterland, Mt Warning, half hour drive to international airport at Tweed Heads / Coolangatta or Byron Bay. Pottsville is one of the most popular and attractive tourist villages on the Tweed Coast.
THE BOTTOM LINE - Return on Investment - % Yield
The Vendor has worked projections on a conservative occupancy rate of 50%.
1. Gross Rental Income on $103,000 unit = $24,637
2. Expenses $12,168 = Nett return $12,469 or 12.1% yield
A more detailed summary of all available motel units fixtures, fittings, attributes, income and expenses projections is available on request for genuine buyers.
This is a great opportunity to acquire attractive yielding ($$$) renovated strata title units in a wonderful location for a relatively small outlay. New on site managers will be looking to build the occupancy rate which in effect can only improve the return on investment.