Building and room upgrades already completed and high occupancy rates

Description

Building and room upgrades already completed and high occupancy rates The Highway Inn Motel in Hay NSW has had all rooms upgraded with new bathrooms, new carpets, freshly painted and 126 solar panels installed to minimise new owners costs for years to come. Featuring 17 rooms of a variety of sizes, in-ground swimming pool, large manager's residence with additional vacant land to further develop. Over the last three years the average net profit of $315,436pa makes this a desirable property to all buyers with a selling price of $2,500,000 with a yield of 12.6% with all major works already completed reducing operating costs for years to come. Continually averaging 67% net profit after addbacks New fit-out to minimise new operators costs 126 solar panels to further reduce operating costs Averaging 89.8% occupancy Attached additional land for further development Perfectly located near town centre and clubs for eateries Large manager's residence Commercial kitchen only used for breakfast and could run dinner for additional income Average net profit of $315,436 Property inspections are by appointment only