Motel Details

Property Description

Reduced Sale

New England - Leasehold

$299,000.00

Listing No: 02499LH



Description:Quirindi - Ticks the boxes: *B&B only no evening meals and chargebacks available; *All ground floor with Long Lease and consistent income; *Large Residence Located close to a major Regional centre, this all ground floor, 18 unit motel, is well positioned on a large block and current owners have maintained to a high standard. The township enjoys the benefits of an expanding mining industry and ongoing rural activity. Previously run under management, no evening meals, this superb property with long lease in place and comfortable 3brm residence, presents an excellent business opportunity to consider, which ticks all the boxes for new comers to the industry or those looking to purchase a home with an income. Inspections are highly recommended

Number of Rooms: 18

Construction:Brick & tile

AAA Rating: 3.0 Self-rated

Year Built: 1960's



Residence: Large, comfortable 3 brm residence with lounge, dining, kitchen; bathroom; separate toilet; storeroom; carport and private yard

Restaurant:No B&B Only with chargebacks available

Services:Bbq; Guest Laundry; Onsite parking; Pets Friendly (cond apply) Meals: B & B only



Figures:

2016 Turnover: $260,000.00

NOP: -

NAR: $111,000.00


2015 Turnover: $285,000.00

NOP: -

NAR: -


2014 Turnover: $225,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 26 May 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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