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Tamworth

LEASEHOLD $935,000

BLUE-CHIP CORPORATE AWARD WINNING LEASEHOLD MOTEL - ID 1254ML

  • Winner - 2022 Choice Hotel's 'Quality Hotel of the Year'.
  • Fully refurbished 4.5 star motel - no major investment required long term.
  • A secure, long lease term.
  • Major regional NSW hub with strong Corporate trade and solid weekend leisure bookings.
  • Successful Franchise affiliation in 2019 with CHOICE hotels facilitated significant uplift in Corporate travel bookings and improved ADR.
  • Currently trading 30% ABOVE pre-COVID performance (6 months to July 2022). Outstanding recovery following lifting of travel restrictions.
  • Prime location close to CBD.
  • F&B run by current owners at less than 10 % turnover, deliberately. Significant opportunity exists for new ownership to develop this income stream, with recent restaurant/kitchen refurbishment.
  • Excellent return on investment 31% (12 months to July 2022 with 4 months including COVID EFFECTED trading). Expect 35%+ with normalised trading conditions.
  • Genuine sellers who are looking to exit industry to fulfil other commitments.
  • Contact us now for futher details.

Tamworth is a dynamic, modern and progressive city and a major regional service centre with an easy-going lifestyle and a strong economy. Manufacturing, health and community services, education, logistics, wholesale trades, food processing and tourism and hospitality provide a solid economic base for the city. Retail is the biggest employer, and there's a strong base in property and financial service sectors, aviation and construction. Agriculture generates significant economic activity, and so does the Australian Equine and Livestock Events Centre.

There are a lot of reasons why the Tamworth region is attracting people and businesses. People are attracted to the lifestyle, the healthy environment, a vibrant retail sector, excellent sporting facilities and many employment opportunities.

Net Profit: $325,249 for 2020/21

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

Property ID: 1254ML (quote when enquiring)

Property Type Business

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David Head

0438 663 551
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