Motel Details

Property Description

Central NSW - Freehold

$550,000.00

Listing No: 02172FH



Description:Peak Hill-Classic country motel presentation, situated on the Newell Highway offering excellent trade exposure and showing consistent yearly turnover, in a popular mining area, is 48kms from Parkes and 70kms from Dubbo. The 12 all ground floor units are set amongst beautiful garden surroundings with palms and grassed areas. Improvements to the motel include new carpets throughout; Day/Night blinds in all rooms; 8 new beds; 7 new 40 TVs; new walls to the BBQ area. Facilities include a self-service laundry; the aesthetic 11 metre outdoor, in-ground swimming pool, undercover BBQ available for those who wish to self-cater and off street parking along with ample room for trailers. Deluxe and family rooms are available with pets welcome (outside units) to cater for all members of the family. This well maintained property provides the ideal location for a family weekend away or is perfect as a home base location to visit the various tourist attractions that the area has to offer. Convenient, in town location allows guests ease of access being close to hospital, schools, a short stroll to the town centre, hotel, RSL and Bowling Clubs. Much has been done to improve the standards of this charming property and new owners can reap the benefits. Quality inspection throughout and presents an excellent Freehold purchase opportunity. (Optional 3 brm residence located next door to motel available at additional cost to purchase)

Number of Rooms: 12

Construction:Besser block & iron roof

AAA Rating: 3.5 Self rated

Year Built: Built 1974 - 1995 approx



Residence: Adjoining reception, this comfortable 1 brm residence has open plan lounge/dining, bathroom, garage/workshop, share kitchen and private yard. (See further below Option)

Restaurant:No but within walking distance to eateries

Services:Bbq; Pool-in ground; Self serve Laundry Meals: B&B only

Highly recommended - Inspection will reveal this quality property.



Figures:

2017 Turnover: $131,000.00

NOP: $80,000.00

NAR: -


2016 Turnover: $126,000.00

NOP: $77,000.00

NAR: -


2015 Turnover: $127,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 26 June 2018


Contact: Steve Herington

Mobile: 0408 537 028









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