Motel Details

Property Description

Reduced Sale

North West - Leasehold

$435,000.00

Listing No: 01659LH



Description:Gunnedah - This exceptional four star, B&B motel, located in a major regional centre and 5 hours to Sydney, has an ideal corner position on the main street providing excellent trade exposure, and all within walking distance to in town facilities. Separate 2 brm residence with reception featuring private courtyard, spacious lounge and dining rooms for the comfort of operators. Superb street appeal with 10 spacious, well-appointed units returning high occupancy and tariffs resulting in a strong net operating profit. Whilst the 2016 shows a slump in turnover, the first 6 months of the 2017 financial year indicates that income is returning to normal, with projection on par with 2015. Potential for future income growth as activity returns to the Shenhua coal mining operations along with the Whitehaven company located close by at Boggabri. This property is the ideal motel business and would suit the semi-retired or newcomers to the industry, with ease of operation, consistent income and strong repeat clientele. Impressive inspection throughout with Long Lease Term in place 25 years at time of sale. This is an opportunity not to be missed. Inspections are highly recommended.

Number of Rooms: 10

Construction:Rendered & Colourbond

AAA Rating: 4.0

Year Built: 1998



Residence: Large, spacious 2 bedroom with built ins; lounge room; kitchen; toilet; bathroom; garage and private courtyard.

Restaurant:No - within walking distance to CBD and Clubs

Services:Off street parking; Business services-$ Meals: B/fast & Dinner to Units (Outsourced)



Figures:

2017 Turnover: $312,000.00

NOP: -

NAR: $122,000.00


2016 Turnover: $287,000.00

NOP: -

NAR: $114,000.00


2015 Turnover: $317,000.00

NOP: -

NAR: $151,000.00

 

 

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

Last Updated: 13 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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