Sold

STRONG REGIONAL LEASEHOLD AT 47% ROI - 1640ML

SOLD

Exciting times for moteliers in this area as the government is investing BIG money in infrastructure works that will ensure the ongoing viability of all business in the region. This is the most profitable agricultural region in Australia and together with the Artesian Baths it attracts many tourists and workers on a weekly basis.

This updated motel is ranked No. 2 in town and has a fantastic reputation among locals and visiting guests. It has just secured a contract with the NSW Trains that guarantees rooms booked every night of the year.

There are 27 good quality rooms of varying configuration - all on the ground floor giving easy access for guests of all ages. There is an onsite saltwater pool, barbeque area and undercover parking. There is a renovated 3 bedroom residence attached to reception for ease of operation.

With a 25 year lease this is great value.

 

Net Profit: $468,161 expected for 2022/23

 

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1640ML (quote when enquiring)

Location: Moree is a progressive and dynamic town situated at the heart of NSW's northern wheat belt and recognised nationally as Australiaâ s Artesian Spa Capital. Ideally nestled on the New South Wales and Queensland border, Moree is a town rich in culture, heritage, agriculture and natural assets with each component intertwining to define the characteristics of both the town and the community.  Moree is recognised as the capital of an emerging region. It is one of Australia's premier areas for agriculture production and is located on a significant national transportation corridor. Moree Shire presents significant opportunities for business and industry, with its stable population and access to three major cities - Sydney, Melbourne and Brisbane - and other coastal and inland centres and ports.

Price SOLD
Location Moree
Property ID 1640ML
Category Motel

Quick Links

Share Property

analytics