Business for Sale

91 Belgrave Street, Kempsey, NSW 2440

$880,000

Railway Hotel Kempsey - Accommodation Centre

This iconic building has been transformed into short & long term accommodation with 19 rooms available to rent. Enjoying almost 100% occupancy year round with tariff per room at $280 per week, this is a high returning business. Motel style rooms all equipped with televisions and fridge, 2 large communal kitchens available for cooking, indoor and outdoor communal areas. Selling on a walk in walk out basis including the freehold the returns show approx 14% nett per year. Original bar and dining room could be further utilized and remodelled to add further rooms. A great income for nominal outlay. Property ID: #NPM26699

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Sold Date

  • 04 November, 2021

Property features

  • Property Type: Accommodation

Office

Harcourts Greater Port Macquarie

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Est. bond $1920

Business for Sale

91 Belgrave Street, Kempsey, NSW 2440

$880,000

Railway Hotel Kempsey - Accommodation Centre

This iconic building has been transformed into short & long term accommodation with 19 rooms available to rent. Enjoying almost 100% occupancy year round with tariff per room at $280 per week, this is a high returning business. Motel style rooms all equipped with televisions and fridge, 2 large communal kitchens available for cooking, indoor and outdoor communal areas. Selling on a walk in walk out basis including the freehold the returns show approx 14% nett per year. Original bar and dining room could be further utilized and remodelled to add further rooms. A great income for nominal outlay. Property ID: #NPM26699

Property Features

  • Property Type: Accommodation

Sold Date

  • 04 November, 2021

Ross Lindsay Harcourts Greater Port Macquarie

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Harcourts Greater Port Macquarie

Office Harcourts Greater Port Macquarie

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Need to sell before investing?

Need to sell before investing?

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