Motel - Freehold

Business Code: GK1034


Key Features: Lots of potential

State: NSW

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. Besser block construction, newly painted, new fencing and new carpet in restaurant. - 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 Sept. 2016

  • Employees: 1 casual

  • Comments: The owner is currently leasing the business to an operator, however, the lease can be terminated.

Weekly Summary

Weekly Takings
(inc GST)

$550

Equipment (Included)

$85,000

Net Profit

$550

Price

$380,000

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