Motel Details

Property Description

Central NSW - Freehold

$2,000,000.00

Listing No: 01762FH



Description:Tranquil views overlooking pastures and distant mountain ranges offers peace and serenity unlike any other run-of-the-mill accommodation. Located in a major wine region in Central NSW, a short 3 hour drive from Sydney and situated on a sealed road, 4kms from the township, finds this unique all ground floor, 19 room motel with a restaurant/function facility. Well positioned on 10 acres/5 hectares with a spacious 3 bedroom residence in the motel for the comfort of owners or managers. With business still improving, despite the coal industry being affected in many other coal mining areas, Mudgee is still experiencing strong growth in housing, business and tourist industry supplying a good mix of income for the township. A unique property in a niche market, with assured income from Railway contract as guaranteed for rooms occupied per day on a rotation basis to fulfil the needs of railway workers. The restaurant and function room is made available to the guests for their exclusive use in the contract rates charged. An extremely rare find in motels as no need for reception; breakfast or evening meals, bookings simply taken by emails daily eliminating many hours from the normal motel operations and costs associated to source the bookings. Potential for income growth with other company contacts looking for accommodation however currently unable to satisfy unless expansions to the property are considered. The current owners/vendors are looking to retire and enjoy a little more of life, so have reluctantly put their very special property up for sale. Take advantage of this easy to operate motel with guaranteed income and room for growth with a home on acres in the ever popular Mudgee. Inspect today.

Number of Rooms: 19

Construction:Decorative Brick Block & Colourbond

AAA Rating: 3.5 Self-rated

Year Built: 1989



Residence: Located above reception, comfortable 3 brm (one with built in & ensuite); lounge, dining, family, kitchen, bathroom and separate toilet

Restaurant:Yes - Licenced function room for use of in-house guests only

Services:Conference Facilities; Function/Breakfast Room; Pool-salt; Bbq. Meals: No breakfast or evening meals



Figures:

2016 Turnover: $516,000.00

NOP: $350,000.00

NAR: -


2015 Turnover: $462,000.00

NOP: -

NAR: -


2014 Turnover: $425,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 20 July 2017


Contact: Steve Herington

Mobile: 0408 537 028









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