Motel Details

Property Description

New

Central NSW - Leasehold

$345,000.00

Listing No: 01785LH



Description:Forbes-Jewel of the Newell B&B motel located off the highway in the CBD of an architectural rural town. All units are ground floor, comfortable, quiet and tastefully furnished within a short stroll to the shops, Clubs and restaurants of the town, making this motel ideally situated. Strong, established solid business and since changing from Budget to Choice Hotels as an Econo Lodge brand, has benefited with an increase in booking numbers, and this is reflected in the ever improving turnover. Extra years to Lease term are available from Landlord or could form part of negotiations at time of sale. “An excellent opportunity to purchase this superbly presented property showing strong growth potential”. Vendor keen to sell and ready to find new owners to take over and operate.

Number of Rooms: 28

Construction:Brick & Iron

AAA Rating: 3.5 Self-rated

Year Built: 1960's



Residence: Neat 2 bedroom with walk-in robe and built –in, in the other. Open plan living area, own kitchen, bath/toilet and laundry would suit couple or small family.

Restaurant:No but within walking distance and chargeback available

Services:BBQ; Cot/s-$; On-site parking Meals: B/fast & Dinner to Units; Room service

Don't be fooled by older styled appearance; Continuous updates carried out to maintain high standard of accommodation and it shows in consistent yearly income



Figures:

2018 (MYOB) (TBC) Turnover: $383,000.00

NOP: -

NAR: $120,000.00


2017 Turnover: $370,000.00

NOP: -

NAR: $90,000.00


2016 Turnover: $430,000.00

NOP: -

NAR: $137,000.00

 

 

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

Last Updated: 12 September 2018


Contact: Steve Herington

Mobile: 0408 537 028









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