Motel Details

Property Description

North West - Leasehold

$450,000.00

Listing No: 01618LH



Description:Tenterfield-Superbly presented, all ground floor, 19 unit, quality motel in a prime central location on the New England Highway. Spacious three bedroom residence. This property has maintained continuous improvements over recent years with the latest being the refurbished commercial kitchen along with the upgrades to the Foxtel system resulting in regular trading with consistant turnover by prior and current LH owners. Unforeseen health issues require necessary sale of the business with vendors offering long lease term in place on a motel with plenty of potential for growth to income, so check this quality property out today

Number of Rooms: 19

Construction:Brick & Tile

AAA Rating: 3.0

Year Built: 1980's



Residence: Spacious 3 bedrooms, 2 with built-ins, adjoining reception with a large lounge/dining area, bathroom and carport.

Restaurant:No but within walking distance to local restaurants.

Services:BBQ; Cots; U/C Parking Meals: B & B only



Figures:

2017 (TBC) Turnover: $337,000.00

NOP: -

NAR: $134,000.00


2016 Turnover: $360,000.00

NOP: -

NAR: $134,000.00


2015 Turnover: $275,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 12 September 2017


Contact: Steve Herington

Mobile: 0408 537 028









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