- Categories: Accommodation/Tourism
Great opportunity grab this freehold motel with business for just $695,000.
Sort after location on Newell highway with in the city limit of Peak Hill, NSW.
11 rooms for families 4 rooms for couples and with ensuite and air conditions, Flat screen TV and Microwave and other accessories with electronic keys(FOB) all these rooms can be used for single occupancy as well as family occupancy, guest laundry. beautiful entrance and extra vacant area to increase number of rooms. massive car parks.
Charges from $95 to $165 per day depending on number of occupants. 50- 60% occupancy during pandemic.
For Manager or Owner 3 bedroom, 1 with built-in, lounge/dining, bathroom, kitchen, Great for small family. Adjoining to reception.
Approximately 40-year-old motel Besser block with Colourbond and clip-lock roof, concrete slab foundations and Besser block room partitions, good size rooms with Bunkbeds too.10Kw solar system, swimming Pool. Complete laundry equipment hence all linen onsite.
* Land area: Approximately 3000 square meters.
* Regular clients like Mining workers, local workers, passing truck and tourists.
* Revenue: $185,000.00 approximately (during pandemic). Now it's upwards.
* Expenses: $65,000.00
Net income before tax: $120,000 for owner operator.
Currently with Budget Motel chain.
As per booking.com this is mote is top rated at 8.4, presence in most of the digital Platforms.
Note: This is one of the best opportunity to buy the property with Motel. Full training provided.
* Increase the online presence by digital marketing.
* Add restaurant, add extra rooms STCA.
Cost to acquire:
* Property: $695,000.
* Business: going concern with property.
* Stamp duty: Standard.
* Legal fees at actuals for transfer.
Broker: Gilraj Venkatappa
Listing Number: NSW10284
To complete an online confidentiality agreement, visit this business
The purchaser to make his/her own investigations and enquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf