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Motel Lease In Forbes Nsw For Sale

Forbes, New South Wales
Asking Price:
$345,000 (AUD)
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
$250K - $500K (AUD)

Centre of town location, with an easy walk to shops, hotels, clubs etc
This is a large capacity motel offering 28 guest rooms, a commercial kitchen and generous internal customer parking areas.
3.5 star rating, 2 BR upstairs proprietor’s residence, and generally low maintenance operation, so this could easily suit a semi retired operator. No restaurant, but charge back arrangements available. Forbes is an interesting and historic town on the banks of the Lachlan River and at the confluence of the Newell Highway, Lachlan Valley Way and Henry Lawson Way. It offers a full range of modern services and amenities.
A very, very consistent business that has been trading since the 1960s.
For Sale: $345,000
Rental: $110,000PA+GST +outgoings
Lease Term: 25 years

Property information

Real Estate:

Lease

Lease Terms:

New 25 years

Leasehold Rent:

$110,000 (AUD) per annum

Living Accommodation:

Guests(28 rooms) and proprietor's accommodation

Location:

CBSD Location, close to clubs hotels, restaurants & shops in an historic town

Premises Details:

Ground floor accommodation with 28 guest rooms, commercial kitchen, plus 2BR upstairs residence for proprietor.

Business Operation

Competition / Market:

Various, but this is a very good location.

Reasons for selling:

retirement

Years established:
1960s

Other Information

Support & training:

Provided

Contact Information

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