813 Pacific HighwayBelmont South NSW 2280
Property Details for 813 Pacific Hwy, Belmont South
Last Listing description (January 2018)
The subject property is located on the eastern side of the Pacific Highway, Belmont South. The Aquarius Motel is a comfortable and welcoming property with a simple and effective design that has stood the test of time; proving extremely popular with regular business travellers. The motel comprises 14 rooms offering various styles of accommodation from Single (double beds), Queen, Twin and Family rooms. The property offers a pool, barbecue area, quality facilities in every room providing attributes that appeal to competition golfers (Belmont Golf Club is less than a kilometre away), weddings and other special events, and holiday makers who enjoy the natural assets of Lake Macquarie and beaches close by. The owner s/manager s residence is upstairs to the rear of the property and features three bedrooms plus study (or fourth bedroom) and all the space and facilities of a large home.
- Site area - 1,207sqm (approx.)
- Zoned R2 Low Density Residential under Lake Macquarie LEP 2014
- 14 Unit Motel, in ground pool, large barbecue area and parking
- High exposure location with street frontage to Pacific Highway
- Regional NSW was the largest source of visitors to the state, up 10% on Sydney in 2016
- Live-in quarters for onsite manager/proprietor
The leasehold is being offered Offers over $270,000 (sale of a going concern).
- Proposed Lease Term: 10 years initial term
- Option Term: 2 x 10 years
- Proposed Rent: By negotiation
Property History for 813 Pacific Hwy, Belmont South, NSW 2280
- 26 Feb 2020Sold
- 06 Dec 2018Listed for Sale Freehold $1,550,000
- 19 Oct 2017Listed for Sale Not Disclosed
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About Belmont South 2280
The size of Belmont South is approximately 2.6 square kilometres. It has 6 parks covering nearly 39.8% of total area. The population of Belmont South in 2011 was 1,203 people. By 2016 the population was 1,061 showing a population decline of 11.8% in the area during that time. The predominant age group in Belmont South is 40-49 years. Households in Belmont South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Belmont South work in a trades occupation. In 2011, 53.2% of the homes in Belmont South were owner-occupied compared with 58% in 2016.
Belmont South has 582 properties. Over the last 5 years, Houses in Belmont South have seen a 65.33% increase in median value, while Units have seen a 78.89% increase. As at 30 September 2024:
- The median value for Houses in Belmont South is $984,657 while the median value for Units is $812,443.
- Houses have a median rent of $565 while Units have a median rent of $460.
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