Description:Holbrook-Superb presentation throughout, this 11 unit, all ground floor motel offers the ideal base to stay whilst exploring the popular Riverina Region. The onsite Chinese Restaurant is sublet providing further income to new operators along with supplying some lunches and dinners so the only concerns new owners are with breakfasts to units. Located in a prime position next to the new Caltex service centre and with the Motel across the road due for demolition in June 2018, provides the potential for a substantial increase in trade and in turn, the future growth of income. Due to present situation with vendors living off-site, the 2 brm residence is often booked out and also forming part of the motel are 2 squash courts, currently not used, that could be easily converted into more units or along with the 1 brm unit also let out, into a 3/4 brm residence. Current owners have done much to maintain the high standards that clientele have come to appreciate and with a long lease in place, this charming property presents the perfect purchase opportunity for semi-retired or new to the industry looking for a home with an income. With retirement in mind, and priced to sell, this property will not last long. Be impressed and inspect this quality property today.
Number of Rooms: 11
Construction:Brick & Colourbond
AAA Rating: 3.5 Self-Rated
Year Built: 1980's
Residence: Choice of residence between comfortable 2 brm unit or possible 3/4 brm if squash courts (currently not used) were incorporated with existing 1 brm unit. Both in the letting pool as vendors presently living off-site
Restaurant:Yes - Licenced; Leased out with rental going to LH owner
Services:Bbq; U/cover Parking; Cots; Playground; Squash; Pets allowed - cond apply Meals: Breakfast to units; Lunch/Dinner from Restaurant
2018 (6mths) Turnover: $173,000.00
2017 (TBC) Turnover: $219,000.00
(NAR : "Net After Rent" NOP: "Net Operating Profit")
Last Updated: 12 March 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.