Resort Brokers welcome to our stable a perfect large lease business proposition. Without rival on the market today, this opportunity is on the rise and ripe for the picking. Ready to repay the new owners for the refurbishment and internal business preparation invested by the current operators over the past few years.

Key Features

  • A rare 60 refurbished 3.5 star rooms – new beds, linen, carpets, paint, fittings, lighting, air-conditioners and more…
  • Accommodation configurations catering for corporate guests, sporting & recreation groups and large families travellers
  • A huge net profit perfectly accompanied with a record low rent ratio (indexed by CPI only) and long 27.5 year lease term
  • Genuine future upside in all of the multiple revenue streams. Directly related to the current operators strategic aesthetic, business approach and exit timing
  • Complete conference centre, bar and kitchen. A genuine commercial revenue stream to add to the exciting mixed use business
  • 50 seat restaurant with state of the art kitchen has enticed local well renowned head chef back to the family. Perfect for the in house guest, with a continuing building trend of local diners
  • Located in one of the strongest regional centres in NSW which caters for sell out events year round

NB. Property inspections are by appointment only

 

Key Details

Listing Ref: LH005329
Property Type: Motel
Region: NSW - Tamworth
Suburb: Tamworth
Sale Type: Leasehold
Net Profit: $397,950
Price: $1,450,000

Listing Agent(s)

Agent Feedback

Greg has gone above and beyond in his efforts to sell our motel. We gave him a challenge selling our property as our city had flooded in the recent past and this caused buyers some concern. Greg had faith in our product and how we had run the business and was able to pass that confidence on to the purchasers. He knew our property thoroughly and could explain the improvements and progress that we had made over the last 2 years. We believe that Greg worked tirelessly to find the right buyer for our property and throughout the entire purchase period, he kept us all informed of the progress. He reacted to requests for information promptly and followed through right to settlement. Really appreciate a great effort by a great agent. Thanks Greg!

- John and Helen Staffsmith
Vendor,
Lismore Wilson Motel