Motel Details

Property Description

Hunter Valley - Leasehold

$770,000.00

Listing No: 01587LH



Description:Cessnock-Located in the fast growing area of the Hunter Valley, short distance from Newcastle and Sydney, this 28 unit, quality motel with long lease, is well-positioned in the town centre, one block back from all the town services. Surrounded by restaurants, hotels and clubs, all within short walking distance from the property and situated next door to a popular hotel providing good meals, the current LH Owners have chosen not to run the restaurant present on the property allowing customers to enjoy meals outsourced and making this a true B&B only motel. Enjoying a great mix of trade with workers and corporates weekly as well as a vast amount of tourists on the weekends, partaking in the concerts and activities on offer in the Hunter Valley. Current owners of 12 years are saying it's time to sell...so don't miss out on an excellent opportunity to successfully purchase a solid, well-established business, rare to the market being close to Sydney.

Number of Rooms: 28

Construction:Brick & Tile

AAA Rating: 3.5

Year Built: 1984



Residence: Comfortable 3brm, ground floor residence with ensuite, bathroom, A/con and own kitchen

Restaurant:Yes-Only used for in house Group breakfasts; Licenced premises

Services:Pool-Salt; Guest Laundry; Truck/Coaches parking Meals: Breakfast to units; Charge back available



Figures:

2018 (Proj on 6mths) (TBC) Turnover: $630,000.00

NOP: -

NAR: $200,000.00


2017 (TBC) Turnover: $565,000.00

NOP: -

NAR: $179,000.00


2016 (TBC) Turnover: $490,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 07 June 2018


Contact: Steve Herington

Mobile: 0408 537 028









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