Armidale, New South Wales
2413MF - Income plus Lifestyle! Popular New England
SOLD
Business Description
- Genuine lifestyle Freehold motel.
- New England Highway frontage.
- Situated on a spacious 5 acres.
- Offers 10 well maintained and presented ground floor units.
- Currently operated in a semi-retirement mode.
- The perfect opportunity to mix a laid back lifestyle with an income.
- It might be just the thing you have been looking for.
- Contact us now for further details.
This Freehold Motel located on the New England Highway on the Northern outskirts of Armidale is a genuine lifestyle motel operation. It is situated on a spacious 5 acres, offers 10 ground floor units and is currently operated in a "semi-retirement" mode.
It's the ideal opportunity to mix a laid back lifestyle with an income. It might be just the thing you have been looking for.
Net profit $92,064 for 2018/19
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2413MF (quote when enquiring)
Location: Armidale, with its unique blend of culture, state of the art technology, educational diversity and natural beauty is a city offering everything worth living for. Armidale is situated half way between Sydney and Brisbane and only two hours from the coast, it enjoys a warm summer, tones of amber during the autumn, a crisp winter and an exhilarating spring. An attractive and graceful city of tree-lined streets where new world cosmopolitan and old world pastoralism coexist. It is the major centre of the Northern Tablelands with a population of over 25,000.
The New England region is renowned for its world class fine wool and beef production, and Armidale is home to at least 14 different Cattle Breed Societies. The region is also developing a reputation as a producer of high quality wines.
Armidale has long been known as an educational and cultural centre. It is home to the University of New England and several private boarding schools. The city and surrounds are graced with elegant cathedrals, churches and pastoral homesteads, historic monuments, heritage buildings and fascinating museums and galleries.
Property Code: 1603
Business Summary
Key Investment Insights
1. The business is a Freehold Motel located on the New England Highway in Armidale, a city known for its culture, technology, and natural beauty.
2. The motel is situated on a spacious 5 acres and offers 10 well-maintained and presented ground floor units.
3. The current owners operate the business in a semi-retirement mode, making it a perfect opportunity for someone looking for a laid-back lifestyle with an income.
4. The net profit for 2018/19 was $92,064.
5. The New England region is renowned for its fine wool and beef production, as well as its high-quality wines.
6. Armidale is home to the University of New England and several private boarding schools, making it an educational and cultural center.
7. The city and surrounds are graced with elegant cathedrals, churches, and historic buildings, making it a popular tourist destination.
8. The property is listed under Property ID: 2413MF and interested parties can contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
9. The location of the business on the New England Highway provides high visibility and easy access for travelers.
10. The business offers a genuine lifestyle opportunity for the new owner, with the potential for growth and development in the booming tourism industry in the New England region.
