Alstonville, New South Wales
OUTSTANDING LEASEHOLD MOTEL - NSW FAR NORTH COAST
SOLD
Business Description
This property is in the beautiful NSW North Coast town of Alstonville on the Bruxner Highway located between the booming coastal town of Ballina and major city of Lismore. The motel is only 5km from the Pacific Highway.
This 3 ½ star property consists of 17 ground floor units spread over 3 blocks. There is an inground swimming pool and BBQ area for guests to enjoy. There is a very large 3-bedroom stand-alone residence spread over 2 levels with direct access to the reception area.
The motel enjoys consistent trade from regular guests who are looking for good quality rooms in a peaceful setting. The quality of the motel is reflected by a fantastic rating of 8.9 on Booking.com.
This is a very easy motel to run with the current husband and wife and a team of casual cleaners doing all the work. A great opportunity for new owners to come in and continue to grow the business. There are an attractive 25 years remaining on the lease and an excellent rent to net profit ratio.
- 2 year Average Net Profit $285k
- 25 years remain on Lease
- Excellent Rent to Net Profit ratio
- Located in the booming Byron / Ballina Region
- Large 3 bedroom freestanding residence
Call to arrange inspections.
Inspections by appointment only.
Property Code: 123
Business Summary
Key Investment Insights
1. The motel is located in a prime location on the Bruxner Highway, between the popular coastal town of Ballina and the major city of Lismore.
2. The property consists of 17 ground floor units, an inground swimming pool, and BBQ area for guests to enjoy.
3. The motel has a fantastic rating of 8.9 on Booking.com, reflecting the high quality of the accommodation.
4. The current owners have established a strong base of regular guests, providing consistent trade.
5. The motel is easy to run with a husband and wife team and casual cleaners, making it an ideal opportunity for new owners to take over and continue to grow the business.
6. The lease has an attractive 25 years remaining and the rent to net profit ratio is excellent.
7. The region is experiencing strong growth, making it a desirable location for tourists and potential for further business growth.
8. The property also includes a large 3-bedroom freestanding residence, providing comfortable living for the owners.
9. Inspections are available by appointment only, highlighting the exclusivity and privacy of the property.
10. The average net profit for the past 2 years is $285k, indicating a profitable and successful business.
