Located in the beautiful seaside town of Kiama this is indeed a special opportunity to purchase an established business in a prime tourist location.
With Kiama and Regional NSW average occupancy rates at around 65% the potential to improve on the current income is clear. Beaches, cafe’s and restaurants are all within walking distance providing a desirable holiday locale. The motel has 19 rooms all with air conditioning and ensuites, caretaker’s residence, swimming pool and BBQ area.
Potential redevelopment with an R3 zoning, set on a large 2472 sqm over two titles with a 62 metre frontage is an added bonus. Consider keeping the Motel and selling off the adjoining land, further develop the motel with additional rooms or reap the rewards of longer term ownership.