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19 Room Motel Lease In New England N.s.w. 15 Year Lease For Sale

Armidale, New South Wales, Australia
Asking Price:
$520,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Accommodation Business Brokers are delighted to have been appointed to market the
Leasehold interest of the 19 Room, New England Motor Inn, situated in Armidale NSW.
Dubbed the Cathedral City, Armidale in the New England High Country is one of Australia's
most elegant regional cities. With an altitude of a kilometre above sea level, it's known for
vibrant autumn foliage and cool breezes in summer. Wander its streets and find 19th century
churches mixed with modern cafes and restaurants.
This is a 19 room Motel including 2 self contained family apartments and has recently been
painted and a complete renovation of the bathrooms has it presented in excellent condition.
With growing occupancy and revenue, the Motel is ready for the next owners to capitalise and
continue to increase the value of the business. It is located right next door to the Bowling Club
and opposite a Hotel, so meals are just a short stroll away.
Book an inspection to view this highly desirable location with a Motel that performs very well. 44% Return on Investment with 72% Occupancy for 2022.

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