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 you Buy?

Need to sell before you Buy?

If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.