Armidale, New South Wales
LEASHOLD OPPORTUNITY IN ARMIDALE WITH HIGH OCCUPANCY & GREAT ROI | Resort Brokers ID : LH007913
Under Contract / Offer
This leasehold opportunity is poised for a market repositioning having already a strong clientele base built in its 50-years existence, the motel offers one of the best value options in Armidale with tariffs under the average market value.
This motel consistently generates revenue and maintains high occupancy rates, boasting an average of 85% in the last financial year and a turnover of $670,000. These results meet the pre-COVID standards for the motel. Genuine purchasers will recognise the excellent value in this business, as it provides a solid foundation to build upon the already outstanding performance of the motel. This property appeals to a wide range of buyer profiles, from those looking to enter the industry to experienced and astute operators who can enhance business efficiencies.
Comprising 20 spacious motel rooms, a two-bedroom manager’s residence, function room and commercial kitchen, the Alluna Motel presents an outstanding opportunity in the heart of Armidale.
Don't miss the opportunity to enjoy the current spoils of this motel and the potential in upside moving into the future.
- Consistent revenue stream
- Potential for reposition in market
- Ease of running in day-to-day tasks
- Great staff, that are autonomous in their roles
- High occupancy and repeat business
- Strong forward bookings
- Unique opportunity to work for yourself and break into the lucrative motel industry
- Property inspections are by appointment only
Date updated: 03 Mar 2024 22:00:15
Price: Under Contract / Offer
Net Profit: $228,784