Motel Details

Property Description

Hunter Valley - Leasehold

$580,000.00

Listing No: 01120LH



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

Meals: Breakfast



Figures:

2017 Projected (TBC) Turnover: $698,000.00

NOP: -

NAR: $160,000.00


2016 (MYOB) (TBC) Turnover: $660,000.00

NOP: -

NAR: $149,000.00


2015 Turnover: $705,000.00

NOP: -

NAR: $189,000.00

 

 

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

Last Updated: 20 July 2017


Contact: Steve Herington

Mobile: 0408 537 028









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