Visit this listing at https://www.sbx.com.au/business?id=GK1034

Business Code: GK1034

Key Features: Lots of potential

State: NSW

Suburb: Wee Waa, 2388

Location: Tamworth/Inverell District. Country Motel on main hwy.

Description

Freehold Motel with 10 units and 2 bedroom residence. Includes licenced restaurant. Automated check-in machine with contract cleaner. The property has been recently refurbished with floating floor, new carpet, painting and a solar system with a 10kw battery. - Currently leased for $500 per week + all outgoings.

Summary

  • Features: Freehold with lots of potential. - Great investment.
  • Potential: There is currently no on site owner/operator and the restaurant is not presently operating. Owner operator will improve income significantly. Increase room rates if operated/managed.
  • Premises: This business has an area of 1300 sq. mts.
  • Trading Hours: 5 days
  • Lease: Freehold - 3 + 3 year lease commenced March 2019, 6 week bond, annual increases CPI.
  • Employees: 1 casual
  • Comments: The owner is currently leasing the business to an operator with a 3 x 3 year lease.

Weekly Summary

Weekly Takings (inc GST)

$500

Equipment (Included)

$85,000

Net Profit

$500

Price

$399,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Motel - Freehold

Business Code: GK1034

Key Features: Lots of potential

State: NSW

Suburb: Wee Waa, 2388

Location: Tamworth/Inverell District. Country Motel on main hwy.

Description

Freehold Motel with 10 units and 2 bedroom residence. Includes licenced restaurant. Automated check-in machine with contract cleaner. The property has been recently refurbished with floating floor, new carpet, painting and a solar system with a 10kw battery. - Currently leased for $500 per week + all outgoings.

Summary

  • Features: Freehold with lots of potential. - Great investment.
  • Potential: There is currently no on site owner/operator and the restaurant is not presently operating. Owner operator will improve income significantly. Increase room rates if operated/managed.
  • Premises: This business has an area of 1300 sq. mts.
  • Trading Hours: 5 days
  • Lease: Freehold - 3 + 3 year lease commenced March 2019, 6 week bond, annual increases CPI.
  • Employees: 1 casual
  • Comments: The owner is currently leasing the business to an operator with a 3 x 3 year lease.

Weekly Summary

Weekly Takings
(inc GST)

$500

Equipment (Included)

$85,000

Net Profit

$500

Price

$399,000

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