Motel Details

Property Description

Reduced Sale

New England - Freehold

$850,000.00

Listing No: 01390FH



Description:Armidale - Located in a major centre in the New England region, this cosy, all ground floor, 10 unit motel is well positioned on the highway nestled within lush garden surrounds and set on five acres of grounds with beautiful rural views. Situated midway between Brisbane and Sydney provides the weary traveller with a convenient stopover point for any long journey in a very attractive city that boasts 3 private schools, a popular university and a strong rural economy. Immaculate condition with a comfortable residence, this superb motel offers excellent income and lifestyle with the opportunity for further development in additional units, cabins or caravans. Current owners have installed all new televisions, recarpetted the rooms and residence with plans for updating the reception along with new Solar, new Hydronic Heating and new hot water systems installed to maintain the operational standards of this solid, well established motel. Inspection is highly recommended and will not disappoint any prospective purchaser looking to enter the industry or for a change in lifestyle with an income.

Number of Rooms: 10

Construction:Brick & Colour Bond

AAA Rating: 3.0

Year Built: 1970's



Residence: Very comfortable, single level 3 brms (all built-in's) new carpet throughtout and adjoining reception area. Large private patio area connects to an additional self contained cabin

Restaurant:No but within a short distance to CBD

Services:Bbq; Guest Laundry; Cot/s-on req; Larger vehicle parking

Meals: B/fast & Dinner to Units



Figures:

2018 Turnover: $147,000.00

NOP: $80,000.00

NAR: -


2017 Turnover: $140,000.00

NOP: $80,000.00

NAR: -


2016 Turnover: $135,000.00

NOP: $94,000.00

NAR: -

 

 

(NAR : "Net After Rent"       NOP: "Net Operating Profit")

Last Updated: 09 August 2018


Contact: Steve Herington

Mobile: 0408 537 028









Disclaimer: Every effort has been made to provide accurate information as possible. However, New South Wales Motel Brokers is not responsible for misstatement of facts, errors or omissions. It is recommended that a purchaser to rely on his or her own enquiries.

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