Albury, New South Wales
19ML - LOOKING FOR A WELL REWARDED LIFESTYLE ON 33% RETURN?
SOLD
Business Description
Albury
- The fourth largest city in New South Wales.
- The eighteenth in Australia
- A cosmopolitan city carrying a demographic matching the state.
- An unemployment rate just under the Australian average.
- A workforce take up matching the New South Wales average. (2017 ABS data).
- 92,000 people straddling both sides of the Murray. All sending out and receiving in services.
32,000 DAILY TRAFFIC MOVEMENTS ON THE HUME INCLUDING 8,400 TRUCKS!
That’s a lot of business. An absolute critical mass of activity.
The Burvale
28 rooms of 3.5 star rooms just a minute off the city bypass linking into the Hume Highway. And an occupancy of 75%, with room rates tempting to be raised on such a high occupancy.
This motel lends itself to 'more of the same' money making machine activity, or better - a continuation of an upgrade program justifying even higher room sale values.
There's plenty of other properties to service the high priced 'suits'.
This one services the smarter business man, the sensible family, and the intercity passing traveller.
Albury – a big part of our history!
Net Profit $226,952 for 2017/18
Contact Alex Chan from Tourism Brokers for further information or to arrange an inspection.
Property ID: 19ML (quote when enquiring)
Location: Albury is a booming regional city in NSW and the NSW State Government are keen to enhance the opportunities and help the area grow. For more details we have the NSW vision plan for 2022 if that assists.
Property Code: 2993
Business Summary
Key Investment Insights
1. The property is located in Albury, the fourth largest city in New South Wales and the eighteenth largest in Australia.
2. Albury is a cosmopolitan city with a demographic that matches the state.
3. The city has an unemployment rate just under the Australian average and a workforce take up that matches the New South Wales average.
4. The property is located in a prime location with 92,000 people straddling both sides of the Murray River, creating a high demand for services.
5. The Hume Highway, which the property is located near, has 32,000 daily traffic movements, including 8,400 trucks, making it a critical mass of activity.
6. The Burvale motel has 28 rooms and a 75% occupancy rate, with potential for even higher room rates.
7. The property is suitable for either continuing as a successful money-making business or for an upgrade program to increase room sale values.
8. Albury is a significant part of Australia's history.
9. The property has a net profit of $226,952 for the 2017/18 financial year.
10. The property is listed with Alex Chan from Tourism Brokers and has a property ID of 19ML.
11. Albury is a growing regional city in New South Wales, with the state government actively working to enhance opportunities and promote growth.
12. The property is listed under property code 2993.
