Oceanfront Motel for Sale in Port Macquarie CBD

The outstanding Mid Pacific Motel is being brought to market exclusively by HTL Property, a national specialist accommodation brokerage firm. The four week EOI campaign will be steered by Andrew Jackson, HTL Property’s National Director; and Paul Nyholt, HTL’s QLD Director of Accommodation Brokerage. The Mid Pacific Motel is superbly positioned fronting the famous Port Macquarie coastal walk and Hastings River; yet is also in the heart of the city’s tourist precinct.

The Mid Pacific Motel is a high performing motel offering 38 modern, refurbished rooms under the management of an experienced operator. The motel occupies a substantial 2,119 sqm freehold site overlooking the coastal walk and Hastings River.

“The location of this motel is arguably the best in Port Macquarie. Located on the doorstep of the town’s tourism precinct, which includes a vast array of vibrant restaurants and retail offerings; as well as the Port Central Shopping Centre, and an abundance of entertainment opportunities,” commented HTL Property Director, Paul Nyholt. 

“Outstanding leisure activities in the seaside town’s CBD includes the marina and tour boat cruises, that are also only a few doors down from the property” Nyholt advised.

“The location of the motel is bolstered by the site’s flexible commercial core zoning, which is also under-utilised at present” added HTL Property Director, Andrew Jackson.

“The irreplaceable location right at the entrance to this iconic tourism precinct lends itself favourably to the future repositioning of this property, or alternatively to a complete redevelopment in order to capitalise upon the water views and consistent footfall within this popular precinct” commented Jackson.

The motel is currently leased, generating approximately $407k per annum in rent; and there exists a review to market in July 2025.

Port Macquarie is a major regional city centre, located midway between Sydney and Brisbane; attracting visitors from both cities as well as interstate travellers.

“The North Coast of NSW consistently ranks as the #1 tourist destination in regional NSW, attracting almost 12 million visitors last year. With its pristine beaches, vibrant city centre and exciting calendar of events, the city is bustling with tourists all year round” advised Jackson.

“Port Macquarie is one of the fastest growing regional cities in Australia, with the population forecast to reach over 108,000 within the next 20 years; plus an already diverse and well-established $5.98 billion economy underpinned by a range of industries including health care, education and construction” said Jackson

“Port Macquarie has so much going on at the moment” believes Nyholt.

“The $100 million airport expansion has just finished and now there’s another circa $100 million going into the Ocean Drive upgrade, as well as a new state-of-the-art aquatic facility and regional sports complex” commented Nyholt.

“We wholly expect broad investor interest beyond traditional hotel investors. This site is simply superb and offers so much opportunity for someone to capitalise upon the growth of this region, and to develop something really special” concluded Nyholt.

The freehold investment in Mid Pacific Motel is for sale by HTL Property via an Expression of Interest Campaign closing on Wednesday 6^th December 2023. 

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