Boutique leasehold with 25 year lease in central Armidale

Description

Boutique leasehold with 25 year lease in central Armidale ResortBrokers is pleased to present an outstanding opportunity to acquire the leasehold of a boutique motel featuring 17 well-maintained rooms, including six spacious two-bedroom apartments perfect for extended stays. With a secure 25-year lease and an impressive 30% return on investment, this property offers excellent long-term stability. Ideally positioned in a central location, the motel enjoys consistent trade and a loyal repeat clientele, evidenced by its solid 8.3 rating on Booking.com. This is an ideal opportunity for astute buyers, further enhanced by the inclusion of a comfortable owner's residence. A rare chance to step into a thriving, profitable motel business with immediate appeal. Prime location in central Armidale Stable year-on-year trade Long-term 25-year lease Six apartments ideal for extended stays Recently refurbished Loyal clientele with advance bookings Highly rated at 8.3 on booking.com Inspections are by appointment only