THE 29-room Aloha Motor Inn in Newcastle's south has been sold to a Victorian-based private investor.
Although yet to be settled, market sources suggest the sale price was about $3.2 million.
PRICE: Approx $3.2 million
YIELD: Less than 10 per cent
BUYER: Private investor
SELLER: Private investor
AREA: 1900 sq m (site)
AGENT: Paul Kapiris, CBRE Hotels
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