AGENT DECLARES INTEREST

Welcome to number 77 Tweed Coast Road at Cabarita Beach! Situated on the far north coast of NSW and only 20 minutes from the Gold Coast, this property represents a fantastic opportunity to purchase an income producing asset in a seaside paradise with significant growth potential. Formally operated as backpacker style/motel accommodation, the property is currently occupied by permanent tenants with very little overheads. Increased income opportunities exist by keeping the status quo, as well as adding and re-establishing the property as a backpacker/motel. Included in the building is a 2 bedroom managers residence which has been partially renovated, along with 16 rooms, consisting of 11 dorm rooms and 5 motel rooms. A communal kitchen and laundry facilities are also available for residents. Add to all of this the potential for future development of the 1235m2 site with a 3 storey building and this property really does become a very appealing purchase opportunity!

Features:

2 level motel style lodge
16 rooms (11 dormitory style and 5 motel self contained units with ensuite)
2 bedroom partially renovated managers residence with loft, fully self contained with separate reception area
Common area kitchen, laundry and fenced BBQ garden area
Two separate female and male shower and toilet facilities with disabled access
1235m2 block with 2B residential zoning and 3 storey height limit
Re-establishing the property as a backpacker/motel presents an opportunity to increase income
Approximately 150m walking distance to the beach
Approximately 150m walking distance to Woolworths shopping complex, restaurants and 5 star hotel
Approximately 20 minutes drive to Coolangatta/Gold Coast airport
Approximately 1 hour drive to Brisbane
Approximately 30 minutes from Byron Bay