Albury, New South Wales
36ML - Position, Presentation and Price
SOLD
Business Description
- Long lease and fair rent.
- 5 minutes walk to main shopping area (Myers Arcade) plus restaurants, cafes and entertainment centers.
- Located 100 meters from S,S & A Club with lunch and dinner available 7days a week.
- Offering 21 quality units.
- Located in expanding Murray River town of Albury.
A unique opportunity to carry forward the hard work undertaken by a competent management team. This Motel is performing very well and consistently improving. Operating at 67% occupancy, offering quality accommodation to a loyal clientele base. Guests come from all aspects of the travelling community including corporate, government, private industry professionals, holiday makers and travelers.
Operate as is, or place your own signature on this excellent business in Albury. Make it yours now. Inspection by appointment only.
Net profit $193,248 for 2015/16
Contact Peter Gay from Tourism Brokers for further information or to arrange an inspection.
Property ID: 36ML (quote when enquiring)
Location: The Albury region is known for its distinctive natural beauty, with the majestic Murray River winding its way through mountains to the east and fertile river plains to the west.
Population: Albury has a population of nearly 50,000 people, and a further 37,000 in Wodonga.
Climate: Albury has the same number of sunny days as the Gold Coast, but without the humidity. Warm, dry summers, mild autumns and springs, and cool winters.
Transport links: By road - 330km from Melbourne, 340km from Canberra and 550km from Sydney. By air - 1 hour to Sydney and Melbourne (daily flights).
Leisure and dining: More than 100 pubs, cafes and restaurants offering a range of cuisines and tastes.
Sporting facilities: 3 swimming pools, 5 gyms, more than 30 sporting clubs across multiple disciplines, 8 major sports grounds to international standards.
Cultural services: Albury is proud of its array of cultural facilities including 3 theatres, 3 libraries, numerous museums and a 9-screen cinema complex with outdoor summer cinema viewings. Art exhibitions are constantly being shown throughout the 6 galleries ensuring Albury residences and visitors are spoilt for choice when it comes to the local cultural scene.
Events Culture: Albury's action-packed calendar is a mix of long-standing festivals, car rallies, sporting excellence, family friendly outings and plenty of events which are just for fun.
Property Code: 2229
Business Summary
Key Investment Insights
- Prime location, only a 5-minute walk to the main shopping area and other entertainment centers.
- Close proximity to the popular S,S & A Club, offering lunch and dinner 7 days a week.
- 21 well-maintained and high-quality units.
- Located in the growing Murray River town of Albury.
- Consistently high occupancy rate of 67%.
- Diverse clientele base including corporate, government, and leisure travelers.
- Opportunity for new owner to add their own personal touch to the business.
- Net profit of $193,248 for 2015/16.
- Convenient transport links to major cities such as Melbourne, Canberra, and Sydney.
- Wide range of leisure and dining options, with over 100 pubs, cafes, and restaurants.
- Excellent sporting facilities and cultural services, including theaters, libraries, and museums.
- Vibrant events culture with a variety of festivals and activities throughout the year.
