Motel Details

Property Description

Reduced Sale

New England - Leasehold

$195,000.00

Listing No: 02499LH



Description:Quirindi - Ticks the boxes: *B&B only no evening meals and chargebacks available; *All ground floor with Long Lease and consistent income; *Large Residence Situated close to a major Regional centre, this all ground floor, well-presented, 18 unit motel, is ideally positioned on a large block and current operators have maintained the property to a high standard. The quaint township enjoys the benefits of being located in an agricultural and resources area with ongoing rural activity. Previously run under management, no evening meals, this superb property with long lease in place and comfortable 3brm residence, presents an excellent business opportunity to consider, which ticks all the boxes for new comers to the industry or those looking to purchase a home with an income. Vendors have reduced the LH price to meet market expectations and inspections are highly recommended.

Number of Rooms: 18

Construction:Brick & tile

AAA Rating: 3.0 Self-rated

Year Built: 1960's



Residence: Large, comfortable 3 brm residence with lounge, dining, kitchen; bathroom; separate toilet; storeroom; carport and private yard

Restaurant:No B&B Only with chargebacks available

Services:Bbq; Guest Laundry; Onsite parking; Pets Friendly (cond apply) Meals: B & B only



Figures:

2018 (Proj on 6mths) Turnover: $200,000.00

NOP: -

NAR: -


2017 (TBC) Turnover: $200,000.00

NOP: -

NAR: $70,000.00


2016 Turnover: $260,000.00

NOP: -

NAR: $111,000.00

 

 

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

Last Updated: 01 November 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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