Motel Details

Property Description

New

North West - Leasehold

$350,000.00

Listing No: 01606LH



Description:Glen Innes-Fantastic Leasehold business in the New England/ North West region, located 608km from Sydney, 367km from Brisbane, 161km from Grafton and 100km north of Armidale. This excellent property is only a 10-12 minute stroll to RSL and town shops. Featuring a busy and popular on-site Snack Shack offering dine in or takeaway for Lunch & Dinner (except Mon & Tues) and sprawling grounds which consists of 45 caravan sites with easy access drive-through; 4 ensuite cabins; 2 on-site caravans and 6 tent sites catering for a variety of guests; well-facilitated amenities block; a small but well equipped camp kitchen including large, free BBQ, microwave oven and handy separate wash-up facility; a good-sized laundry complete with two commercial washing machines and one clothes dryer along with the all-important dump point. Vendor is looking to retire and has priced to meet the market expectations. Take advantage of this excellent opportunity to buy a well-established, well operated business...Enquire today.

Number of Rooms: Mix-Cabins; Onsite

Construction:Mix-Weatherboard; Cladding; Tin; Metal Roof

AAA Rating: 3.0

Year Built: 1970's; 2006



Residence: Conveniently located upstairs from Reception/Café, comfortable 3brm residence (with built-in in main); own kitchenette; Lounge/dining area; and bathroom

Restaurant:Yes-Licenced Café (Open 5 days; Lunch & Dinner; Closed Mon & Tues)

Services:Bbq; Camp Kitchen; Guest Laundry; Amenities Block Meals: On-Site Café/Kiosk

4 Cabins; 2 Caravans; 45 Caravan sites; 6 tent sites



Figures:

2017 (Proj) (TBC) Turnover: $380,000.00

NOP: -

NAR: -


2016 Turnover: $350,000.00

NOP: -

NAR: $102,000.00


2015 Turnover: $316,000.00

NOP: -

NAR: $78,000.00

 

 

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

Last Updated: 16 June 2017


Contact: Steve Herington

Mobile: 0408 537 028









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