Motel Details

Property Description

Reduced Sale

Central NSW - Leasehold

$380,000.00

Listing No: 01760LH



Description:Beautiful Mudgee - Vineyards; Gardens; Fine Foods & Beverage; Concerts...the list goes on. Exceptional buy in this superb location as Mudgee returns to prosperity offering the opportunity to purchase an entry level Leasehold business. Situated on approximately 2 acres of spacious grounds with a separate 3 brm residence and featuring rural views to the river, this is one not to be missed. Well-presented and maintained, this motel provides quality accommodation allowing guests to enjoy breakfast in the sunroom, swim in the pool; stroll around the rear gardens or utilize the Bbq facilities in the covered outdoor area. With nearby vineyards, golf and bowling clubs located within a short drive from the motel provides an ideal base to explore the surroundings and visit popular tourist attractions in the area. All hospitality businesses are enjoying strong, steady income and growth which is apparent in the 2016/17 year. Showing an increase in trade despite the reduction in coal production and the effects this has had on all coal mining areas, Mudgee is still experiencing very strong housing growth, business representation and tourist industry. Long lease in place allows prospective purchasers to benefit from this solid, well established business maintained by current owners and now priced to sell. Inspections are highly recommended.

Number of Rooms: 16

Construction:Brick & Iron

AAA Rating: 3.5

Year Built: 70s & 80s in stages



Residence: Separate, comfortable, spacious 3 brm (with built-ins); large lounge/dining; bathroom; kitchen; storeroom and large, private yard. Large workshop included.

Restaurant:Yes - As Breakfast Room and occasional Function Room

Services:BBQ; Guest Laundry-$; Pool; Cot/s-$; Pet Friendly Meals: N/A

All reasonable offers considered



Figures:

2018 (3mths) (TBC) Turnover: $103,000.00

NOP: -

NAR: -


2017 Turnover: $318,000.00

NOP: -

NAR: $86,000.00


2016 Turnover: $296,000.00

NOP: -

NAR: $74,000.00

 

 

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

Last Updated: 20 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.

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