Armidale, New South Wales
EXCEPTIONAL NEW ENGLAND LEASEHOLD MOTEL! HUGE 40% RETURN! - 2176ML
SOLD
Business Description
- An exceptional modern superbly built, 4-star Bed and Breakfast Motel.
- Absolutely zero cooking required.
- Centre town location in popular New England City.
- Excellent Trade with very strong tariffs.
- Fully independent 4-bedroom residence with private yard.
- Arguably one of the best Motel residences available.
- Trading back to pre-COVID 2018/19 numbers.
- Long term ownership, primarily under management, is selling due to retirement.
- A sustainable Net Profit showing a 40% Return on Investment!
- It's a must to inspect!
We are pleased to reposition to market this superbly constructed motel business and work from home lifestyle, in the centre of Armidale. Nearing back to the peak of its powers post mother nature’s challenges. Vendor is poised to retire from the industry after many years.
Net Profit: $200,000 plus expected under normal trading
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2176ML (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: 1899
Business Summary
Key Investment Insights
1. The motel is located in a popular New England city, providing a central and convenient location for guests.
2. The business has strong trade and high tariffs, indicating a successful and profitable operation.
3. The motel includes a fully independent 4-bedroom residence with a private yard, offering a comfortable and convenient living situation for the owners.
4. The residence is considered one of the best motel residences available, adding value to the overall business.
5. The business is currently trading back to pre-COVID 2018/19 numbers, indicating a strong recovery from any previous challenges.
6. The long-term owner is primarily under management and is selling due to retirement, providing an opportunity for new ownership.
7. The business has a sustainable net profit showing a 40% return on investment, making it a financially attractive opportunity.
8. The property is a must-see for interested buyers, offering a unique and desirable lifestyle.
9. Armidale is a vibrant and culturally rich city, offering a range of amenities and attractions for both residents and visitors.
10. The New England region is renowned for its fine wool and beef production, as well as its developing reputation for high-quality wines.
11. Armidale is home to the University of New England and several private boarding schools, making it a hub for education and culture.
12. The city and surrounding areas are filled with elegant cathedrals, churches, and historic monuments, providing a charming and picturesque setting for the business.
