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706 Gwydir Highway Waterview Heights, NSW 2460

Sold on 6 Apr 2018
  • 15 Beds
  • 13 Baths
  • 2 Cars
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Home in Waterview Heights

Lifestyle With Income

  • 15 Beds
  • 13 Baths
  • 2 Cars

An outstanding opportunity to secure this freehold motel, ideally located on the Gwydir Highway. The first time offered for sale in over 35 years, the Hilldrop Motor Inn is nestled on 3 acres of land with a large portion of unused land that has possible subdivision potential (STCA).
The motel comprises of 10 clean and comfortable air-conditioned rooms that have undergone cosmetic renovations and comprise of bedding, bar fridges, air conditioning and ceiling fans, small flat screen TVs and bathrooms equipped with a shower, vanity and toilet. The two additional self-contained flats included are currently rented long term, providing a consistent return. Guests dining needs are catered for with a 50 sqm dining room fitted with a commercial kitchen; which is DA approved.
Conveniently adjacent to the motel reception is the delightfully renovated owner's residence; containing a fully functional kitchen, cosy living area, bathroom, two bedrooms and a private backyard. Included in this package is an in-ground swimming pool, ride-on mower, telephone system and a 23 seat Coaster bus.
The Hilldrop Motor Inn provides holiday packages for people to explore the beautiful Clarence Valley, including National Parks and pristine coastlines. Grafton's tree lined township of colonial buildings surrounded by the mighty Clarence River hosts the annual Jacaranda Festival, NSW largest country horse racing carnival and the Grafton Bridge to Bridge Ski Race; all attracting large numbers of tourists to the area. Grafton also hosts many large sporting events and the area is on the move with new projects underway; including the construction of the new bridge, a new 1700 bed correctional facility and the Pacific Highway upgrade.
This motel is being sold as walk in walk out and the current occupancy this year stands at a whopping 80%; which leads to an adjusted net operating profit of $146,419 per annum, equating to a 14.5% return on investment ratio.
What an attractive opportunity to enjoy the benefits of a relaxed country lifestyle with an income. Secure this rare opportunity and set yourself up for life. Call us today to arrange your private inspection and financials are available upon request.

Features:
  • Air Conditioning
  • Built-In Wardrobes
  • Garden
  • Pool
  • Separate Dining
Parking:

2 carport spaces

Bedrooms:

15

Bathrooms:

13

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Suburb

Waterview Heights

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