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Highly Rated Motor Inn With A Significant ROI For Sale

Hillston, New South Wales
Freehold Price:
$2,200,000 (AUD)
Lease Asking Price:
$650,000 (AUD)
Sales Revenue:
$550,000 (AUD)
Cash Flow:
Available on request

The Hillston Motor Inn on High presents as a highly rated and spotless 4-star Motor Inn that is conveniently located in the main street of Hillston.

It is arguably one of the best motel inspections in country New South Wales!

It is located in the vibrant Riverina district of central New South Wales on the banks of the Lachlan River. The Riverina district is a rich agricultural centre that enjoys the benefits of significant large-scale agriculture, processing facilities, strong economic development and demand for accommodation.

The Motel has established a significant competitive advantage in the form of its focus on customer service and satisfaction. This has resulted in a loyal and high-quality reoccurring customer base that drives high occupancy rates. Combined with favourable regional demographics, the Motel enjoys above average profits while possessing significant further upside opportunity.

Aside from the profit opportunity, Hillston is a well-appointed regional town with the amenities and country spirit that provides a safe and relaxed lifestyle, and a great place to raise a family.

With an outstanding rating on TripAdvisor, occupancy rates typically exceed 80%, exceptionally strong historical financial performance and bright future, the sale provides an opportunity to acquire a business with a significant pre-existing cashflow. It also comes with an opportunity for further substantial growth with an existing approval for a 6 Unit Accommodation Development to capture the considerable unmet local demand for short-term accommodation.

The sale would ideally suit an owner operator who is seeking a quality lifestyle and low risk enterprises but substantial income and return on investment. The vendors are willing to consider three primary alternative offers, the sale of the:

1. Motel leasehold only
2. Motel leasehold and the freehold to the 6 Unit Development site (with plans & approvals)
3. Freehold to the Motel & 6 Unit Accommodation Development site (with plans & approvals)

Given the trading history, repeat customer base, regional growth outlook and the low level of risk associated with this business, the return on investment across all options is exceptional. It provides an outstanding opportunity for the astute owner-manager looking to build wealth while mataining a relaxed lifestyle in a well appointed country town.

Property information

Real Estate:

Available as lease or with real property included

Lease Terms:

35 year lease term
Rent payable monthly
Annual CPI increases with market review every 10 years
Outgoings paid be tennant

Leasehold Rent:

$125,000 (AUD) per annum

Living Accommodation:

The Motel consists of a large open plan managers residence including:

• Kitchen with butler’s pantry
• Lounge
• 3 Bedrooms with en-suite to the master bedroom
• Office
• Bathroom
• Large self-contained laundry

Location:

Hillston is a tranquil rural town with all the essential amenities for a high quality and relaxing lifestyle. It boasts a new $12m hospital, $3m aquatic centre and range of health, education and leisure facilties.

As a thriving large-scale irrigated agriculture centre, the local services are extensive, and the town’s booming agriculture industries continue to drive economic prosperity while maintaining the benefits of a country lifestyle of a pleasant river town. It is a great place to raise a family.

Premises Details:

The Motel consists of 16 Units including:
• 1 Spa Unit
• 2 x disabled access Units
• 2 x interconnecting family Units
• 11 x double and single twin share Units

Each Unit includes:
• En-suite
• Fridge
• Flat screen TV
• Split system air-conditioner
• WIFI
• Tea and coffee making facilities

Additional amenities include:
• Salt pool
• BBQ area
• Amenities block

In addtion to the Motel, it also comes with a fully furnished house (on a separate title) for short-term accommodation which includes:
• 4 Bedrooms
• Lounge
• Dining
• Kitchen
• Bathroom
• Carpark
• Shed and workshop

Business Operation

Expansion Potential:

With an exceptionally strong historical financial performance and bright future, the sale provides an opportunity to acquire a business with a significant pre-existing cashflow. It also comes with an opportunity for further substantial growth with an existing approval for a 6 Unit development to capture the considerable unmet local demand for short-term accommodation.

Competition / Market:

Demand for accommodation in the Hillston region is strong and is driven primarily by:

1. Ongoing regional farming infrastructure development and economic expansion (which is set to continue its growth trajectory)
2. The growth in related industries and supporting services needed to accommodate the growth in the farming sector
3. The growing popularity of the Kidman Way as a tourist attraction

While there are other accommodation enterprises in the region, competitive rivalry is low as the demand for accommodation exceeds supply.

Reasons for selling:

The current owners have opeated the business since inception and are now returning to their home town to pursue other business interests.

Trading hours:

The Motel operates every day of the year.

Employees:
The Motel operates with a pool of part time on call cleaners (typically 4 to 5 staff) to complete room cleans, two of whom take on the Motel management role when the owners are on leave.
Years established:
6 Years

Other Information

Support & training:

The owner will provide training assistance for up to 4 weeks.

Website:
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Related Documents:
Lease asking price:
$650,000 (AUD)

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