Commercial Property: Belmont South motel provides business opportunity

LOCATION: The Aquarius Motel is perfectly positioned a block from beautiful Lake Macquarie and is being sold as a leasehold asset.
LOCATION: The Aquarius Motel is perfectly positioned a block from beautiful Lake Macquarie and is being sold as a leasehold asset.

Belmont South’s Aquarius Motel has been listed for sale as a leasehold asset and provides plenty of potential for a couple looking for a business opportunity, according to PRDnationwide’s Allan Kentwell.

“It is an ideal opportunity for a husband-and-wife team, even with a family because of the residence on site,” Mr Kentwell said.

“It is a classic clean, tidy, old-school motel with great proximity to the lake.”

Mr Kentwell is jointly marketing the property, located within one block of Lake Macquarie, with Colliers International’s Adam Leacy.

The motel is positioned on the eastern side of the Pacific Highway and comprises 14 rooms of various styles of accommodation.

There is a pool, barbecue area and parking on site and an owner’s or manager’s residence featuring three bedrooms with a study or fourth bedroom.

The leasehold is being offered for sale by private treaty for $325,000 (sale of a going concern) with a proposed lease term of 10 years with two 10-year options.

POPULAR WICKHAM

A business park in Annie Street, Wickham is seeing plenty of activity with four of its eight strata units already sold and another three being brought to market by Jason Morris of Raine & Horne Commercial Newcastle. 

Built in 2008, Mr Morris said the concrete construction units offer a unique mix of ground floor warehouse with first floor office space above. 

Each unit includes on-site dedicated parking and has the ability to be split into two tenancies, a trait he said  has proven to be popular with investors. The units are for sale by private treaty from $710,000.

CARDIFF OPTIONS

Colliers International’s Byrne Tran said interest has been strong for a commercial office building with Development Application approval for a 119 placement childcare centre in Cardiff.

The property is positioned at the end of Aruma Place and is being sold through an expressions of interest campaign closing November 16.

Mr Tran expects the property, with seven private offices, large boardroom and 22 car spaces to sell for “around or upwards of $1.3 million plus GST”.

“Interest has come from childcare operators and businesses not related to childcare as well as investors,” Mr Tran said.