Motel Details

Property Description

Reduced Sale

Hunter Valley - Leasehold

$725,000.00

Listing No: 01513LH



Description:Muswellbrook-Industrious region of the popular Hunter Valley, this superb, all ground floor motel offers a great mix of trade with 12 rooms and 4 self-contained apartments (1 x 3 brm & 3 x 2brm) to choose from, catering for all accommodation types. Ideally positioned opposite the Golf Course and on the highway giving premium trade exposure, with immaculate presentation throughout, this well-established business is B&B only - So No Evening Meals - along with Chargeback available from local Club and restaurants, provides an ease of operation business for the new owners. Maintained to a high standard, in a great location with excellent repeat clientele ensures continued trade and as currently running under management, provides potential for further income if new owners adopt a more hands on approach to business operations. Completing the package is the comfortable 2brm residence and includes a 2 brm granny flat underneath for the extended family. Long Lease term with potential option for extra years (at additional cost) is offered to the market and this excellent property won't last long. Make your move and enquire today.

Number of Rooms: 12+4 S/C units

Construction:Brick & Tile

AAA Rating: 3.5

Year Built: 1983; 1996



Residence: Comfortable 2 brm with built-ins, bathroom, lounge, kitchen and DLUG. Also includes 2 brm granny flat located beneath main residence for extended family.

Restaurant:No but within a short distance to CBD; Chargeback available

Services:Pool; BBQ; Guest Laundry; Onsite Parking; Large Vehicles Parking Meals: B & B only; Charge back available

Extra Years available at an additional cost



Figures:

2018 (MYOB) Turnover: $520,000.00

NOP: -

NAR: $233,000.00


2017 (FY) Turnover: $472,000.00

NOP: -

NAR: $198,000.00


2016 (FY) Turnover: $465,000.00

NOP: -

NAR: $197,000.00

 

 

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

Last Updated: 24 July 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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