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 James Carrick 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
James Carrick
James Carrick

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

BOUTIQUE MOTEL on the beautiful Mid North Coast
Ocean Breeze Motel
BOUTIQUE MOTEL on the beautiful Mid North...

PORT MACQUARIE

$650,000 Leasehold

Total Rooms: 10
Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Caretaking only with unit
1853ML - A QUALITY MOTEL CLOSE TO MELBOURNE
5 Acres Of Beautiful Country To Live. Caravan Park For Sale.
2644ML - EXCEPTIONAL OPPORTUNITY MONEY MAKER $$ VERY PROFITABLE REFURBISHED LARGE LEASEHOLD MOTEL NORTH QUEENSLAND
Neat as a Pin in the Centre of Beaudesert! 1P5331M
New passive investment in a major coastal town | Resort Brokers ID : INV006829
Substantial leasehold motel in booming regional city | Resort Brokers ID : LH006813
BOUTIQUE MOTEL on the beautiful Mid North Coast
Eight Spence Motel -  1P5330
293CPF - FREEHOLD MIXED BUSINESS TOURIST PARK
Beachside Living at its Best! | Resort Brokers ID : MR006819
939CPF - FANTASTIC STARTER - BRUCE HWY FREEHOLD MOTEL AND CARAVAN PARK, MACKAY and BRISBANE HALFWAY STOP
Business For Sale - Highly Profitable in Holiday Hotspot - ID 9022 H
2509ML - FANTASTIC STARTER - CHEAP LEASEHOLD WITH UPSIDE
1031CPF - MONEY MAKING OPPORTUNITY RECENTLY UPGRADED
Don't miss out on this rare chance to secure an OTP management rights | Resort Brokers ID : OTP006655
Burleigh Heads Beauty with Scope to Grow | Resort Brokers ID : MR006814
EXCEPTIONAL & UNIQUE MIXED USE BUSINESS OFFERING ON STUNNING MORETON ISLAND!    | Resort Brokers ID : FH006812