Country Music Capital Motel and Apartments for Sale by HTL Property

Specialist national brokerage firm HTL Property is pleased to present for sale the City Sider Motel and Serviced Apartments, located in the heart of Tamworth’s Central Business District.

HTL Property Directors Nic Simarro and James Carrick will be exclusively handling the sale via an Expression of Interest Campaign.

City Sider Motel is positioned upon a significant land parcel of 5,970 sqm* and favourably zoned B3 Commercial Centre. The property comprises 41 suites and serviced apartments over 5 separate lots.  Additionally, a near new commercial kitchen and restaurant fit out exists for the successful purchaser.

Accordingly, the highly profitable operation provides an incoming Purchaser endless value-add opportunities. Some of these options include the refurbishment and repositioning of the current offering to increase tariffs and ultimately trade; as well as significant development upside in the form of residential, medical, commercial office and/or additional rooms. The zoning of the 5 lots (B3 Commercial Centre) supports residential, medical and commercial office developments; however the council has proven determined to work with an array of suggestions and proposed plans submitted to them by the current Owners.City Sider Motel and Serviced Apartments is centrally located and provides dual street access to both Marius and White Streets. Furthermore the asset enjoys close proximity to Charter Hall’s Tamworth Square Shopping Centre, the vibrant Peel Street, being the main Street through the city’s CBD and offering a range of restaurants, bars and retail applications.

In addition, the proposed new $128m Performing Arts Centre will be easily accessible from the western boundary of the property given it close proximity.

“High performing accommodation offerings in major regional centres rarely become available to investors” commented HTL Property Director, Nic Simarro.

“Particularly one that provides the ability to redevelop, whether entirely or in stages; offering investors an endless list of value-add opportunities. Evidenced by what is currently proposed for the site; being a mix of residential, medical and commercial office components; which will only complement Tamworth’s CBD further” Simarro concluded.

City Sider Motel is for sale via an Expression of Interest campaign closing Thursday 15 June 2023.

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