61ML - SOLID NEW ENGLAND LEASEHOLD BUSINESS IN THE HEART OF TOWN

REDUCED LEASEHOLD $640,000

1,032 m2

Tourism Brokers are pleased to present to market a solidly constructed property and lease business prospect. An ability for focus on the fundamental aspects of the accommodation sector, without the variable of food and beverage.

19 generous, independently rated 3.5-star central large motel suites.
24-year lease on offer, 14 years existing, and an additional 10 years amended prior to settlement.
Solid well-built property once the original KFC building in the centre of town converted to an exceptional purpose-built motel accommodation facility.
16 of the motel styles rooms have recently (2019/20) have new bathrooms and air conditioners (left hand side of property: 8 ground floor and 8 first floor).
The property has been successfully operated under management for Circa 8 years. Thus, providing owner operational upside in a genuine "selling sleep" proposition.
A commercial kitchen exist should you choose to offer guests a breakfast option. Given the location to breakfast eateries the existing structure chooses an alternate focus.
Most recent "normal trade" revenue performance of Circa $510k.
Rent in line with industry standard of total property net operating profit.
A three-bedroom residence catering for a husband, wife, or family dynamic.

Superbly located directly next door to major bowling club, adjacent highly recommended hotel and in proximity to Ex-Services club, other popular licenced venues, eateries, and major supermarket chain.

The past three months and foreseeable future is tracking for record growth. Vendors of 12 years have invested their time and are prepared for a new owner to transact to take advantage of the motel and domestic industry boom.

Net Profit: $180,561 for 2018/19

Contact David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 61ML (quote when enquiring)

Price	REDUCED LEASEHOLD $640,000
Location	Armidale
Property ID	61ML
Category

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
Centralised Administration 32 - 34 Lamorna Avenue
Beecroft NSW 2119

Ph: 1300 512 566 (International +61 2 9872 9943)
Fax: 1300 571 479 (International +61 2 9872 1464)

Email: sales@tourismbrokers.com.au

Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

To maintain the confidentiality of the information and material made available to me/us, I/we agree as follows;

a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

b) Any copies made of the information and material will only be for the purpose of internal communications and that a system will be instituted to facilitate the recovery of any such copies.

c) To undertake to return all information and material (including any additional copies) toTourism Brokers.

This undertaking shall not apply to information and material that;

a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

b) Was already known to me/us before the date thereof.

c) Is subsequently provided or disclosed to me/us by a third person who has the right to provide or disclose same.

d) Is disclosed by me/us pursuant to any law or order of any court, of any governmental agency or other regulatory body with whose instructions me/us are bound to comply with.

Although I/we understand that Tourism Brokers Pty Ltd, Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers and the Vendor and their Solicitors believe that the material to be provided is accurate to the best of their knowledge, I/we acknowledge that no representation or warranty has been made or given as to the accuracy or completeness of any information or material obtained. I/we agree that neither Tourism Brokers nor the Vendor or their Solicitors have any liability to me/us or any of our advisers or representatives, arising from the selection or use of the information or material by me/us and any associates.