91 Belgrave Street, Kempsey NSW 2440

$980,000 Ex GST

Railway Hotel Kempsey - Accommodation Centre

This iconic building has been transformed into short & long term accommodation with 19 rooms available to rent. Enjoying almost 100% occupancy year round with tariff per room at $280 per week, this is a high returning business. Motel style rooms all equipped with televisions and fridge, 2 large communal kitchens available for cooking, indoor and outdoor communal areas. Selling on a walk in walk out basis including the freehold the returns show approx 14% nett per year. Original bar and dining room could be further utilized and remodelled to add further rooms. A great income for nominal outlay.

Property Details