Buy Of The Year, Absolute Money Maker - 1634mf

Description

FREEHOLD MOTEL FOR SALE - Buy of the year Freehold with huge upside in booming area. - 100% leased with contract in place with strong trade history and strong future. All 47 rooms are permanently booked (current room rates, well below market). - Major accommodation provider in the strong rural and mining area. Supported by a stable economy centred on agriculture (wool, wheat, cattle), mining, and a large-scale solar farm (a joint AGL and Federal and State Government venture approximately 10km west) with a lot of growth ahead. - Walk to RSL Club across the road or to the local hotel approximately 50 metres up the road for meals. - Prime highway location, significant room capacity, and strong cash-flow backed by expanding local mining and agricultural sectors are all strong benefits. - 4,040 sqm land area - 47 guestrooms currently + 1 storage rooms (able to convert back to a letting room) + 1 significant manager’s residence + spare restaurant (can be reopened or converted to 4 letting rooms) and commercial kitchen. Current configuration is 29 front rooms include:11 Standard Queen, 17 Twins, 1 Family Room. 18 back rooms: 17 Doubles, 1 Standard Queen. - Main newer building constructed from brick with concrete tile roofing. - Current owners have operated for approximately 9 years. - Restaurant not currently in operation. Fully licensed with a separate bar, lounge and seating for 120 people. It is supported by a full commercial kitchen. There is also a separate conference area. (could be reopened or converted to 4 letting rooms subject to Council Paaroval). - Landscaped gardens and lawns, saltwater swimming pool, barbeque facilities and covered outdoor entertaining area. Adjusted Net Profit: Available upon request, Confidentiality conditions apply. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection. Property ID: 1634MF (quote when enquiring) Property Code: 5461