Just Listed

BIG LEASEHOLD, BIG $$$$ TO BE MADE! - 893ML

LEASEHOLD $2,575,000

  • Exceptional 74 Ground Floor units with Licensed Restaurant.
  • Rare as hens' teeth offering: the room numbers are a huge advantage and create significant opportunities.
  • Main residence with three bedrooms plus Manager's residence of two-bedrooms with fully renovated kitchen, attached to reception and adjacent to the motel kitchen.
  • Strong Corporate trade and well respected clients.
  • All units are in exceptional condition.
  • Turnover around $2.1m+.
  • Big gains for the astute operating couple can be achieved with this rare offering.
  • Long 35 years remain on the Lease at a reasonable rent.
  • Opposite Racecourse and 5 minutes’ drive from Railway Station and Golf Course.
  • Popular Artesian Spa is just 3 kms away.

Due to the strategic position of Moree, significant developments have been happening and continue to be planned for the area. The multi-million-dollar rail link from Sydney is a significant boost for the area and will accelerate the region’s growth.

 

Adjusted Net Profit: $592,370 for 2024/25

 

Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.

Property ID: 893ML (quote when enquiring)

Price LEASEHOLD $2,575,000
Location Moree
Property ID 893ML
Category Motel

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