Sold Property

91 Belgrave Street, Kempsey, NSW 2440

  • 537.9
  • 500 m2

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 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.
Whilst we understand you may want to inspect this potential new home, we need to comply with NSW Health Public Health Orders (that may change at any time). Currently, restrictions are in place with stay-at-home orders for certain areas of NSW. If you reside in these areas, we ask you to not inspect this property in person at this point in time.
Please be aware that should you attend an inspection being conducted by our office, we will expect you to agree to the following:
Your personal details recorded by our team member, and may include sighting your ID
You must sign-in via Service NSW QR code
You are required to wear a face mask during the inspection
Physical distancing of at least 1.5m between people
Sanitize before entering the property & not touching surfaces or belongings
Attendees may be limited (currently 5 people inside a dwelling)
If you have travelled overseas or been in a COVID 'hotspot' in the last 14 days, or feel unwell, please DO NOT request to attend an inspection of the property at this time.
Thank you for cooperation and patience to help keep our community healthy and safe.
If you have any questions at all - please email or contact us so we can assist. Property ID: #NRO3255

Show More

Sold Date

  • 22 February, 2022

Property features

  • Property Type: Tourism / Motel / Hotel, Other (Accommodation)
  • Property Details: Tenanted Investment

Office

Harcourts The Rocks

Repayment Calculator

Est. bond $1920
  • 537.9
  • 500 m2

Sold Property

91 Belgrave Street, Kempsey, NSW 2440

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 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.
Whilst we understand you may want to inspect this potential new home, we need to comply with NSW Health Public Health Orders (that may change at any time). Currently, restrictions are in place with stay-at-home orders for certain areas of NSW. If you reside in these areas, we ask you to not inspect this property in person at this point in time.
Please be aware that should you attend an inspection being conducted by our office, we will expect you to agree to the following:
Your personal details recorded by our team member, and may include sighting your ID
You must sign-in via Service NSW QR code
You are required to wear a face mask during the inspection
Physical distancing of at least 1.5m between people
Sanitize before entering the property & not touching surfaces or belongings
Attendees may be limited (currently 5 people inside a dwelling)
If you have travelled overseas or been in a COVID 'hotspot' in the last 14 days, or feel unwell, please DO NOT request to attend an inspection of the property at this time.
Thank you for cooperation and patience to help keep our community healthy and safe.
If you have any questions at all - please email or contact us so we can assist. Property ID: #NRO3255

Property Features

  • Property Type: Tourism / Motel / Hotel, Other (Accommodation)
  • Property Details: Tenanted Investment

Sold Date

  • 22 February, 2022

Don Humphris Harcourts The Rocks

Request Live Stream Inspection
Harcourts The Rocks

Office Harcourts The Rocks

Map Location

Get Directions

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.