22/30 Tweed Coast Road

Pottsville NSW 2489

~ 1 strata title ground floor unit available for $103,000
~ 4 strata title first floor units available at $99,500 each
~ UNITS REFURBISHED / RENOVATED to a high standard
~ Units vary in size and each have an allocated car space
~ Shared laundry, in ground swimming pool, BBQ facilities
~ Very short stroll to surf beach or catered bowls club
Title to these strata title motel units will issue from Land Titles Office shortly with settlement of units under contract scheduled for 3rd. March 2014. This motel is long established and is currently undergoing extensive renovations. It has no opposition apart from 2 caravan parks and is central to village shopping, a hop skip & jump to patrolled surf beach, is on main thoroughfare road, central to Tweed Coast attractions such as hinterland, Mt Warning, half hour drive to international airport at Tweed Heads / Coolangatta or Byron Bay. Pottsville is one of the most popular and attractive tourist villages on the Tweed Coast.
THE BOTTOM LINE - Return on Investment - % Yield
The Vendor has worked projections on a conservative occupancy rate of 50%.
1. Gross Rental Income on a $99,500 unit = $18,250
2. Expenses $10,282 = Nett return $7,968 or 8% yield
3. $103,000 unit - Gross income, $24,637
4. Expenses $12,168 = Nett return $12,469 or 12.1%
A more detailed summary of motel units fixtures and fittings, attributes, income and expenses projections is available on request for genuine buyers.
This is a great opportunity to acquire attractive yielding ($$$) renovated strata title units in a wonderful location for a relatively small outlay. New on site managers will be looking to build the occupancy rate which in effect can only improve the return on investment. Only 5 of the original 24 units are now available. Savvy investors are seizing on the opportunity so if interested make your move before they are all sold.