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Motel Leasehold For Sale - Busy Highway Town Centre Location

New South Wales, Australia
Asking Price:
Leasehold $390,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Large B&B motel on busy highway town centre location. Excellent condition - just renovated. Very easy to operate.

Star Standard: 3 ½ star.

Construction: Brick with colorbond roof and double brick partitions

Residence: 2 bedroom with built-in wardrobes, own kitchen, open plan living area, bath/toilet, laundry. Ideal residence for couple or small family. Comfortable easy layout over two levels with access to reception.

Age: 1970s

Clientele: Reps, travellers, workmen for mines, roads, Telstra etc

Land Area: 1,872sqm

Tariffs: Single $105; Double $120; Family (4) $149; Extra Person $15.

Chain Affiliation: N/A

Lease Expires: 29th January 2026 with an option to renew for a period of 4 x 5 years

Rent: $123,733.96 per annum plus GST

Laundry: Sheets & towels hired - remainder owned and laundered on site

Restaurant: No. Short walk to cafes, restaurants, hotels and clubs.

Services: Room service - continental breakfast, reverse cycle air-conditioning, microwave ovens & kettles etc. in rooms, open courtyard parking, fully fire rated.

Turnover: 19/20$361,181; 18/19$378,828; 17/18$377,961; 16/17$369,690

Occupancy: 25% approx.

Comment: Property has been renovated over the COVID-19 period. Looks very smart. All the hard work has been completed. A small Central West leasehold off the Newell Highway in a beautiful historic town. Perfectly located a short stroll to cafes, shops, hotels and clubs. A large format leasehold with unlimited potential.

MQ Property ID:

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