HTL Property is pleased to exclusively present for sale City Sider Motel and Apartments, Tamworth.
City Sider Motel comprises 41 comfortable suites/serviced apartments and a manager’s residence. The accommodation offering is complimented by a near-new restaurant fit-out with commercial kitchen, swimming pool and BBQ areas.
Ideally located in the heart of Tamworth CBD and boasting favourable zoning, the substantial 5,970sqm landholding offers dual street frontages, one with high exposure to the B56 New England Highway and is conveniently opposite Charter Hall’s Tamworth Square Shopping Mall.
Offering a blank canvas of opportunity, the highly profitable offering provides investors with 5 individual titles, each flexibly zoned B3 Commercial Centre and boasting a 4 : 1 Floor Space Ratio and 45m maximum Height of Building.
Investment Highlights include:
- Accommodation component offers 39x spacious suites and 2x 3 bedroom serviced apartments
- Significant 5,970sqm* land parcel with dual street access
- Highly favourable zoning for further development (B3 Commercial Core, 4:1 FSR, 45m HOB)
- Opportunity to reposition the accommodation by way of refurbishment
- Ideally located on Marius and White Streets, directly in the heart of the Tamworth CBD
- Encircled by retail, a shopping centre, restaurants, bars and office space
- Currently a highly profitable accommodation operation; opportunity to introduce F&B
City Sider Motel and Apartments Tamworth is for sale via an exclusive Expression of Interest Campaign closing by 4pm Thursday, 15 June 2023.
A full complement of due diligence materials is available upon request.