Motel Details

Property Description

Exclusive

New England - Leasehold

$1,100,000.00

Listing No: 01391LH



Description:Armidale-Halfway point between Brisbane & Sydney, 2 hours from the coast, is this Exclusive Leasehold opportunity. Not only situated in the strong business centre of Armidale, this superb motel has central, in town location; Opposite popular bowling club; CBD Shopping; Tourist Information; and the list goes on…Meeting every criteria to represent the best motel in town including no evening meals, all ground floor units and residence with both having large sized rooms, no pool and very little gardens so ensures minimal maintenance needed. Sound perfect?...Yes it is, and certainly is the one to tick all the boxes. The current owners have done all the hard work – computerized the front office; Security system installed; Renovated residence and upgrades to the units. This has developed into a strong, repeat clientele resulting in the high occupancy rating of 75%. Unfortunately due to health reasons the current owners are wishing to sell so as to take up residency closer to family and reluctantly offer their excellent business For Sale. With a high return on investment, long term lease, and good rent ratio this is one opportunity not to be missed. Make the call, make the inspection, Make the choice on a great purchase for your future. Contact today before you miss the boat!!!

Number of Rooms: 18

Construction:Brick & Tile

AAA Rating: 3.5

Year Built: 1986



Residence: Conveniently adjoining the large reception is an expansive single level 3 brm with built-ins; 2 Way bathroom; Own Semi commercial Kitchen; Lounge; Dining; A/con; Back Office; Carport and private area.

Restaurant:No but within walking distance to eateries and close to CBD. Next door to the local Hotel.

Services:Bbq; Guest Laundry; Cot/s-$; Off street parking; Meals: B & B only

Exclusive to NSW Motel Brokers; Inspections Highly recommended



Figures:

2017 (TBC) Turnover: $690,000.00

NOP: -

NAR: $318,000.00


2016 Turnover: $680,000.00

NOP: -

NAR: $316,000.00


2015 Turnover: $605,000.00

NOP: -

NAR: $264,000.00

 

 

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

Last Updated: 13 September 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.

NSW Motel Brokers - Motels For Sale : With over 20 years in tourism, accommodation & hospitality industry - benefit from our experience