Description:Scone - “Comfortable, Central & Quiet”. Attractive, all ground floor motel units with recent total renovation of the 3 bedroom residence, located 3 hours from Sydney in the beautiful Hunter Valley, in the horse capital of Scone. This property has constantly achieved consistent income due to its diverse trade from agricultural to livestock to mining to tourist, etc. Combine this with a long lease and over $15k after rent profit each month equals an excellent business purchase. Continual upgrading to the property provides a strong 3.5 star rating and includes recently completed re-roofing with skylights to rear units giving the motel a fresh appearance. Continued growth in the region with proposed bypass costing $96m, palliative care to the hospital costing $100m will create a generous boost to income for new owners and with the recently approved $40 Million upgrades to the Abattoir will increase activity to the centre. Act now to secure this excellent opportunity for Valley living with great income from this fantastic leasehold purchase. Don't miss this one!
Number of Rooms: 24
Construction:Brick with Tile & metal roofing
AAA Rating: 3.5
Year Built: 1961; 1970; 1982
Residence: Completely renovated recently, this lovely 3 bedrooms (2 with built-ins) including large L-shaped living area; dining; kitchen; bathroom and store room all located above reception.
Restaurant:Yes - Licensed (Mon-Sat) including bar
Services:Wireless internet; Guest Laundry; cot/s-fee
2017 Projected (TBC) Turnover: $698,000.00
2016 (MYOB) (TBC) Turnover: $660,000.00
2015 Turnover: $705,000.00
(NAR : "Net After Rent" NOP: "Net Operating Profit")
Last Updated: 03 October 2017
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.