Coffs Motel and Villas, Coffs Harbour - SOLD

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Sold for 3,750,000 AUD Date of Sale: January 2023
Rooms: 36
Price Per Room: 104,167 AUD
Property Id : 34704
Land Size: 8,535 m2

National specialist firm HTL Property, in conjunction with Ray White Commercial Queensland, is thrilled to announce the sale of Coffs Motel & Villas – Coffs Harbour, located at 209 Pacific Highway, Coffs Harbour.

Bill Karageozis of McLeod and Partners was appointed as the Liquidator to the asset on 27 July 2022.

The motel, built circa 1965, is situated upon a massive 8,535 sqm land parcel; and boasts a Development Approval for an 83 room full service model hotel.

Coffs Harbour is a large regional city located in the NSW North Coast Region, approximately 552km’s North of Sydney and 382km’s South of Brisbane. The governing local authority is Coffs Harbour City Council, and the local government area population is 78,759 according to the 2021 National Census.

Stretching from Red Rock in the North through to Bonville in the South, Coffs Harbour offers over 30 beaches across a 60km stretch of coastline; and which is considered a haven for surfers and tourists alike. In addition, Coffs Harbour is situated in close proximity to multiple National Parks, and offers a range of adventurous activities for all age groups. A sample of these activities include walks and hikes, mountain biking and cycling, horse riding, abseiling and canyoning.

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