Commercial Property For Sale: Karuah, NSW 2324

Karuah, NSW 2324

Vendor Details: 0488 847 018 Enter Phone Code 90285 when prompted.
Hotel
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Price: $1,900,000
Vendor Details: 0488 847 018
Enter Phone Code 90285 when prompted.

11 room motel with private residence. Separate recreation building with potential for further rental income

The Phone Code for this property is: 90285. Please quote this number when phoning or texting.

Total land area is about 1 1/2 to 1 3/4 acres. The property includes an 11 room motel (current ongoing business). Each room has its own undercover car park. Each motel room is uniquely and beautifully decorated. Rooms all include private bathroom, air conditioning and modern facilities.

Despite Covid, business income for 2020/2021 financial year was $164,000 nett.

No food service.

One spacious reception room together with walk in storage room. Attached to the back of the motel is a 3 bedroom, 2 bathroom private residence. Spacious kitchen with some renovations. Two door fridge and coffee machine included with property if desired. One dining room and another separate large storage room. One Living area which includes, if desired, matching leather lounge set (one 3 seater, one 2 seater and one single lounge). Both bedrooms have walk in wardrobes. Queen bed in main bedroom included as are the single beds in the other two bedrooms (if desired by purchaser). Beautifully created gardens with established trees. Ample parking for larger vehicles, for example, furniture moving trucks, boats, trailers which customers find convenient. Plenty of outdoor space to be enjoyed in private both to the side and back of the property. Separate converted large garage with air conditioning which could be used as a rumpus/entertainment room/teenagers retreat/man cave or renovated for potential rental income.

There is a further building to the back of the private residence which includes a bathroom and kitchen area. This has the potential for renovation for private use or rental income.

Separate spacious laundry room which includes operational washing machines and amble space for storage.

Within comfortable walking distance to CBD and Karuah river.

35 minutes from Newcastle and Maitland. 2 hours from Sydney.

Huge potential for improvement and expansion.

Current owners purchased property 18 years ago.

Only 15 pictures are permitted on this site so difficult to do the property justice. Tranquil, comfortable feel to the property. Please note, any dogs appearing in last photo are not included :)

Business fully operational.

The property has operated as a motel since the 1960s.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property Features
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Floor Area: 7000 m2
Carports: 15
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