UNDER OFFER! Seaside Motel in Popular Coastal Tourist Destination – Merimbula, NSW

Bs141976,Merimbula NSW 2548


BusinessSize: n/a
Business ID: BS141976

This is a fabulous opportunity to walk straight into a successful, long-established motel, in the perfect lifestyle location just footsteps from Merimbula’s surf coast, best beaches, golf courses, national parks, wharf, restaurants and shopping. Owner has lifted Turnover from $361K in 2014/15 to over $534K in 2019 and Owners average income of at least $136,000.

-Motel with 20 Deluxe, Balcony and Garden view rooms with bathroom, kitchenette and car space, right in the heart of Merimbula

-Option for 6 x 3 level apartments via connecting property to accommodate large coach groups (currently being utilised and is very profitable to the business)

-Separate 3-bedroom, 2-bathroom residence with lock-up carport

-Solar-heated saltwater swimming pool with large sundeck

-Spacious established sub-tropical gardens with 2 gas BBQs, tables and chairs

-Function room catering for approx. 70 plus commercial kitchen

-Onsite laundry (2 x 10kg washers and super large commercial dryer)

-Excellent reputation with many 5 and 4-star reviews across multiple sites, relationships with neighbouring businesses and Tourist Information Centre

-Wide range of guests, including Tour/Coach operators (Only motel with direct access to interstate coach stop), car clubs, holiday-makers, workers and families

-Easy-to-use motel Booking System and fully automated guest check-in machine

-Competent trained staff (3-4 casual cleaning/wait staff)

-Lease expires April 2021 plus 3 x 5-year options

The current owner has been the sole operator since 2014 lifting the motel occupancy rate year on year to 61.8% in 2019 with potential for further growth but now needs to move closer to family in Victoria. This opens the door to a buyer keen to run the motel as-is or take it to the next level by running their own coach groups, increasing meals and catering, introducing room service, boosting third-party booking site connections and promotions or maximising social media and direct marketing.

Merimbula is located on the spectacular Sapphire Coast of Southern NSW, surrounded by pristine beaches and national parks. The South Seas Motel has a magnificent location right in the centre of town a short stroll from both the Sapphire Bowling Club (International bowls tournaments), Merimbula RSL and a multitude of award-winning restaurants and boutique shops. It’s a leisurely 5-minute walk to Spencer Park Beach, Lake Merimbula and Main surf beach, and 10 minutes to Bar Beach, Merimbula Wharf and the Aquarium. Merimbula Airport – offers daily direct flights to Sydney and Melbourne as well as Joy Flights and is a short drive.

Price $295,000


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Key Details

Property Type:Business
Stamp Duty:$8,797



What's Nearby

Merimbula Public SchoolPrimary School
Eden Marine High SchoolHigh School
Merimbula Fresh Food MarketMajor Shopping Centre
Sapphire Coast Anglican CollegeCollege
Post OfficePost Office

Merimbula Suburb Information

Average Age
52 years
Merimbula Profile
Merimbula Occupancy

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This listing has been viewed 39 times. It was first displayed on 01/07/19 and last updated on 29/07/19.