Description:Gilgandra-Huge 35% ROI on LH Business. Located in a progressive region, under an hour away from Dubbo, superb presentation throughout, this well-maintained, B&B, 3.5 Star property offers 18 all ground floor units, including a 2brm Family unit to cater for a variety of accommodation types. Featuring a pristine pool, Guest Laundry facilities and an undercover Bbq area, clientele are sure to enjoy staying at this attractive, well-appointed motel. A long lease term and comfortable 3brm residence with private yard completes the package. Strong, consistent income with no restaurant, this property is the ideal starter motel for those looking to enter the Industry or semi-retired after a home with an income and is priced to meet market expectations. With a growing family, the vendors are looking to move onto bigger things and have relished their time in operating this splendid motel. Presentation, Location and Long Lease in place provides an excellent purchase opportunity for a Leasehold business.
Number of Rooms: 18
Construction:Brick & Cliplock Tile/Iron
AAA Rating: 3.5
Year Built: Stages: 1975/82
Residence: Located behind reception, this comfortable 3brm (with built-ins) offers open plan living area, fireplace; A/con-rev; shared kitchen and 2 bathrooms. Also includes private yard, entertainment area and a shed/workshop.
Restaurant:No but within walking distance to CBD, shops and Club
Services:Pool; Bbq; Guest Laundry; Truck/Trailer Parking Meals: Breakfast to units; Room service
2017 (TBC) Turnover: $365,000.00
2016 Turnover: $350,000.00
2015 Turnover: $323,000.00
(NAR : "Net After Rent" NOP: "Net Operating Profit")
Last Updated: 12 October 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.