Description:Dubbo-A very well built, established motel with excellent position as one of the first motels in town on approach from Sydney. Agreement in place for a minimum of 10% of rental income to be invested back into the property each year has seen continual upgrades maintaining the high standards of the property and includes the recent bathroom renovations with the ones still remaining to follow. Features a fully licensed restaurant located on the premises; Exceptional landscape frontage; Large carpark allows for Coach trade and modernised 3brm residence for the comfort of the business owners. Excellent investment opportunity for new Freehold owners with a long lease in place and the advantage of Lessor willing to work in with the prospective purchaser for the mutual benefit of all parties. Well-presented and maintained by the current LH owners, this property is well worth an inspection and would be a superb addition to any Investment Portfolio.
NOTE: Lease agreement in place for 5 year Rent Freeze expiring on the Rent Review Anniversary in 2020 when CPI will then apply. Also as per the Lease, an agreement for 10% of the Rent to be invested back into the business.
Number of Rooms: 33
Construction:Brick & Tile
AAA Rating: 3.5 Self Rated
Year Built: 1976/85
Residence: Recently renovated, this spacious 3 bedroom residence is air conditioned with built-ins; large open living area; kitchen; bath/toilet; store room and car port. Single level adjoins reception.
Restaurant:Yes-Licensed with cocktail bar & lounge
Services:BBQ; Pool; Laundry; Restaurant; Conference facilities; Cots; Coach parking Meals: Lunch; Room service
2017 (TBC) Turnover: $1,851,000.00
2016 (TBC) Turnover: $2,181,000.00
(NAR : "Net After Rent" NOP: "Net Operating Profit")
Last Updated: 16 April 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.