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Hotel/Leisure For Sale found in BALLINA, NSW 2478

Properties located in the surrounding suburbs



This is a unique opportunity to buy yourself a viable business with solid return and a cosy place to live. Estreet guesthouse is a growing business with huge potential in the CBD area of Lismore and comes with a comfy manager’s apartment on site. The business was unaffected by recent floods.
Would suit person / couple wanting to relocate to the desirable North Coast.
Earning potential of $100k per anum. Currently 90% occupancy
Estreet guesthouse is a funky accommodation business in the CBD area of Lismore within walking distance to all amenities and services. We provide short term lodging in a fun, affordable, friendly and safe environment. The target market for guests includes; students, locums, travelling workers and overseas visitors. It is the only service of its type in Lismore and there is great potential, particularly for owner occupiers. We have well established and documented systems we will be happy to pass on.
We have a backpacker’s licence and a boarding house licence. In its current configuration the house has 9 rentable rooms including 5 doubles, 1 twin, 2 singles and a girl's-only dormitory which sleeps 3 with room to increase capacity.
The House is an historic building of 260 sq metres with high ceilings and large rooms. It is on a large block of 911 sq metres with space for 2 car parking spots and ample on street parking. There is separate accommodation downstairs for the owners / managers which is approx 130 sq metres with an additional 130 sq metres undercover, the area consists of:
1 living area with kitchenette, 1 bed room 1 bathroom Laundry Games Room Undercover outdoor area Storage Room 2 x Undercover parking
Recent improvements include a new roof, insulation, painting, refurbished bathrooms, refurbished Manager’s apartment, and new fire systems but still room for you to put your own stamp on it.
The sale price is based on a WIWO basis at $529,000 negotiable and includes all fittings, furniture, i.e. beds, linen, bedside tables, desks etc and equipment including fridges, ping pong table, outdoor picnic tables etc.
Phone enquiries - please quote property ID 18345

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Price: $529,000    Building: 500m²    Occupancy: Vacant


Hotel/Leisure | Retail

Ex Tommys Bar and Restaurant for sale. Located in the heart of the Lismore CBD, this premises is comprised of three separate areas being accommodation upstairs, restaurant, lounge and bar downstairs and is being offered for sale. Upstairs - Accommodation - 425sqm (approx) consisting of seven rooms with ensuites, managers residence and office areas. Downstairs - Fully licensed restaurant with a total floor space of 382sqm (approx) plus alfresco area of 84sqm (approx) with comfortable seating for 160. The restaurant is fully furnished, has a commercial kitchen and bar/lounge area. Commence operation immediately, no set up required, walk in and get going! Downstairs - Office/Retail space at the front of the premises totals 444sqm (approx) with an alfresco area of 96sqm (approx). This area fronts Molesworth Street with a high volume of pedestrian traffic past the front door. This premises provides an outstanding opportunity for the astute investor or owner/occupier. For further information or to arrange an inspection contact Chris Harley on 0412 758 830.

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Price: $1,750,000 + GST    Building: 1m²    Land: 1m²    Occupancy: Vacant


Suburb Summary - Ballina, NSW 2478

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $4914 $264 5.38%
Retail $3452 $273 7.92%
Industrial $85
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.

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