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Tamworth

LEASEHOLD $375,000

1265ML - WORK FROM HOME WITHIN A PRIME LEASEHOLD BUSINESS IN TAMWORTH

  • Well located corner block on main road entry into town.
  • 21 well-appointed queens (8), twins (9) and family (4) motel suites. 41 – 63 m2.
  • Positioned for a husband, wife, and family operation.
  • Fantastic residence with open plan living, dining, three-bedrooms and main bathroom.
  • Large commercial kitchen and preparation area for breakfasts and evening meals if desired.
  • Close to pubs, clubs, restaurants, and major shopping centre.
  • "Normal" trading periods from 2016/17 through to 2018/19 the property achieved an average of $570k (high of $600k plus) turnover, with $210k plus net operating profit (high of $240k plus).
  • The past 6 months of trading certainly returning to normal trade.
  • Energy uplift grant application was approved enabling $20,000 for new curtains, sheers, tracks, and pelmets.
  • Refresh and Renew grant pending approval to be used to replace all complete beds (bases and mattress) throughout.

A two-fold opportunity to begin or continue a career in the accommodation sector. One predicted for unprecedented growth domestically.

Notwithstanding, the owners have priced the property to sell due to personal circumstance. There-by creating a chance of a seamless transition for an astute purchaser, in an operationally well-constructed property, strategically located to capture road traffic.

Turnover: $463,864 for 2020-21

Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1265ML (quote when enquiring)

Property Type Business

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James Carrick

0498 965 005
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