Very Affordable High Yielding Leasehold Motel For Sale

Business description

Location: Southern Tablelands
Asking Price: $475,000
3 Star AAA rated leasehold motor inn located only five hundred metres from the centre of a well located regional township. A sound leasehold business offers 22 comfortable twin, double or queen and family style rooms on a generous 4,320sqm (approx) parcel of land. Motel, residence and restaurant have been refurbished within the last five years. It is close to local tourist precincts with restaurants, historic pubs, bowling and golf clubs. It is offered for sale with 24 years remaining on the lease. This business offers a high yield and provides an ideal opportunity for an incoming owner operator. Revenue of this business is up 16% from FY10 to FY11.

Turnover: $411,605 (FY11)

Land Area: 4,325sqm (approx)

Rating: 3 Star AAA

Age: 1960’s

Number of rooms: 22

Room Facilities: Twin, Double, Queen & Family room configurations. Double, queen & single beds, reverse cycle air-conditioning, wireless internet, digital TV, tea/coffee facilities, toaster, electric blankets and direct dial telephones

Motel facilities: Swimming pool, wireless internet, ironing facilities, breakfast to rooms, truck and trailer parking

Restaurant: Not currently operating. Full commercial kitchen, 45 seats and used for breakfasts to rooms. Easily reopened for guests and locals.

Residence: Refurbished, two bedrooms with built-in robes, 1 Bathroom, separate kitchen, lounge/dining, office. It adjoins the motel and is in close proximity to the reception

Clientele: Plenty of repeat business from general and business travelers, holiday makers and chain members.

Rent: $96,211 p.a. (FY2011)

Lease term remaining: 24 years