Armidale, NSW 2350

Region: NSW - New England

Sale Type: Motels - Leasehold

For Sale

$325,000

Profit: $105,000

FANTASTIC ENTRY LEVEL LEASEHOLD MOTEL OF 15 ROOMS FOR SALE IN NEW ENGLAND, NEW 30 YEAR LEASE

Located in the picturesque, wealthy and bustling New England area. This 15 room, all ground floor motel offers a solid based business in a well-presented and maintained property. A good variety of accommodation with choice of family rooms, twin rooms, doubles, and singles to cater for all clientele. A large, separate 3 brm residence including 3 bay garage, carport and private yard provides privacy and comfort for the operators. Situated close to the University and boarding schools the Motel is popular with both travelers and reps . Current owners of 15 years have continued working hard to build a strong repeat clientele base which sees business recovering and efforts paying off returning to former trading history for 2017 and potential for further improvement. Inspection will reveal the high quality of this Motel.
Owners are ready for retirement and are priced to meet market expectations, providing an excellent purchase opportunity for new operators to benefit from.
Inspection won’t disappoint.

Details

  • Listing ID: R2-1828755
  • Property Type: Motels
  • Sale Type: Leasehold
  • Region: NSW - New England
  • Suburb: Armidale, NSW 2350

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