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
Price: $399,000

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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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.