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Armidale

LEASEHOLD $575,000

62ML - NEW ENGLAND LEASEHOLD MOTEL PRICED TO SELL - 28 YEAR LEASE!

  • Regional City Leasehold Motel directly across from the Bowling Club!
  • Easy walking distance to the CBD.
  • All indications are that it will recover strongly from the double COVID-19 impact.
  • Genuine Bed and Breakfast Motel.
  • 12 ground floor exceptionally presented units.
  • Boutique style Motel.
  • No Pool, No Yard, No Evening Meals – a dream to operate!
  • 3 bedroom Residence.
  • Strong repeat clientele with plenty of upside.
  • Family illness necessitates a sale.
  • Don't Miss It!

Armidale, with its unique blend of culture, state of the art technology, educational diversity and natural beauty is a city offering everything worth living for. Widely considered the ‘capital’ of the New England high country, Armidale is centrally located between Sydney and Brisbane. With a cosmopolitan culture, it is a university city that prides itself on being dynamic, progressive and innovative. It enjoys great natural beauty and has a thriving arts and cultural scene. It is the major centre of the Northern Tablelands with a population of over 25,000.

Net profit $200,000 expected

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

Property ID: 62ML (quote when enquiring)

Property Type Business

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David Head

0438 663 551
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