Leasehold for sale in Yass for $745,000

Description

Leasehold for sale in Yass for $745,000 Exclusively offered to market for the first time in almost a decade is the leasehold of The Yass Motel. Well positioned on the town's major thoroughfare and opposite the town oval and sporting facilities, this motel features 22 rooms and provides ample accommodation options for a variety of guests. The restaurant, equipped with a commercial kitchen, has remained inactive for a few years. Revitalising the restaurant presents an opportunity to enhance the motel’s revenue streams. The motel has achieved a high total revenue of $461,074 in the past 10 months alone. This figure reflects the motel’s ability to generate substantial annual income. With an adjusted net profit of $233,298, the Yass Motel maintains a healthy profit margin, indicating efficient management and cost control. Prominent location with fantastic repeat clientele basis 2023 adjusted Net Profit of $233,298 Brilliant year -round strong occupancy Unused restaurant that could be reopened  to increase turnover 19 years remaining on lease Large management quarters Property inspections are by appointment only