Armidale, New South Wales

54ML - BACK IN BUSINESS-NEW ENGLAND LEASEHOLD MOTEL - RESTAURANT & BAR

LEASEHOLD $650,000

Property Description

- Boutique Leasehold Motel in a picturesque New England City.

- This unique 3.5-star property is set on the historic grounds, built in the 1800’s.

- 24 well-appointed rooms all on the ground floor suites, undercover parking is available for each.

- 60-seat fine dining restaurant with a bar that seats 15 guests.

- An opportunity to sublease the restaurant should you choose, may provide a solution for you if the food and beverage is not a compatible sector.

- 24 years remain on the lease.

- The business taking Circa $2,300 per day.

- On track to net $250k plus this financial year.

- Modern 2-bedroom residence upstairs, with additional ground floor large living.

- A brilliant commercial opportunity to capitalise whilst creating a business lifestyle within this stunning accommodation, dining, and function centre.

- The quality and reputation of this property’s restaurant, bar and group celebration ability is unrivalled in town.

- This an exceptional Motel business with an excellent history and standing in the community.

- The industry has experienced some obvious difficult periods, with bushfires and COVID -19. Though, this prospect is proving to be a very resilient, bouncing back impressively with current secure long term and future bookings.

Turnover: $845,709 expected for 2020/21


Contact David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 54ML (quote when enquiring

Property Code: 3761

Property Summary

Motel Information

Marketing Agent
David Head
David Head

Listing location
Gallery

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