Freehold Motel for sale

The motel is positioned in the main street of Wauchope, a lovely country town with all major services. The motel is only 20 mins from Port Macquarie, 3 hours to Newcastle and the Hunter Valley.

The Wauchope Motel comprises of a 2250m2 large block in the main street, with 12 rooms, a lovely residence above the reception. The feature of this property is the ease to run it with a couple and further develop the rear, more motel units or townhouses etc, the rooms have been painted, new air cons etc.

This property represents real value and awaits the astute buyer.

• CBD Location, large 2250m2 block
• 60% occupancy holding income for development
• Business shows 14.5%
• Great three bedroom owner's accommodation with a private pool and entertainment areas
• Fantastic first starters motel, easy run by a couple
• No meals just breakfast
• A fantastic town with a real country atmosphere, but with all major services
• Develop while the motel still operates - develop at your leisure.

Nett:

$91,829

Turnover:

$173,188

Price:

$995,000 Business Portion Capped at 14.5% - Non Negotiable