Inverell

Freehold $1,730,000

1559MF - Gem of a Freehold Motel

  • Recently renovated and occupancy is increasing
  • 24 rooms of varying configuration
  • Closed restaurant and bar (non-operational for over 4 years)
  • Large residence with 3 bedrooms and multiple outdoor areas
  • Separate furnished Granny flat and large two-bay shed on private grounds
  • Salt water pool and barbeque area for guests
  • Thriving country town on main highway with lots of repeat guests

This is one of the best package deals I have seen for a long time. Older style motel that has undergone a total transformation under the care of the current owners. Despite renovations ongoing for over three years the motel has doubled its occupancy and has a bevy of loyal guests who return time after time.

There are 24 renovated rooms – the majority are downstairs and all have easy parking and access. Everything except for three bathrooms is new in every room. How rare is that to buy a motel and not have to spend big chunks of money. There is also ample space onsite for larger vehicles, trucks, coaches, etc. New management would reap the rewards of the current owner’s hard work from day one.

In addition to the renovated motel you have a three bedroom residence with the living area downstairs for ease of motel operation. There are two entertaining areas for the owner and a large private yard with two-bay shed.

FREE BONUS - fully renovated self -contained and furnished granny flat that could cater for an extended family or be added to your rentable rooms. With open plan kitchen/dining area leading to a small deck, a separate lounge and ensuited bedroom this is often sort but rarely found.

Looking for income and lifestyle in a friendly country town then this has to be at the top of your to inspect list. Call now as gems like this do not hit the market every day.

Net Profit $276,807 for 2017/18

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1559MF (quote when enquiring)

Property Type business

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Tony Johnson

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