Armidale, New South Wales
Unprecedented Motel Lease Opportunity in NSW
SOLD
Business Description
We are very pleased to have been appointed to market the leasehold interest of this motel located in Northern NSW.
With a very solid trading history, consistently high occupancy rates and low maintenance; this is a very rare opportunity to enter the Motel market, in a very tightly held and safe city.
The owners have spared no expense in preparing this 18 room 4 star property to allow a new tenant to continue the high growth trend it has been achieving.
There are 26.5 years left on the lease and the net –rent ratio is among the best that you will find. The owner’s residence features 3 bedrooms, bathroom, living room with office and separate lounge room. The front office is accessed directly from the residence.
This is a very solid business with great financials and plenty left for new owners to apply.
Don’t miss this opportunity, a must to inspect.
Business Summary
Key Investment Insights
1. Rare opportunity to enter the Motel market in a tightly held and safe city
2. Solid trading history with consistently high occupancy rates
3. Low maintenance property
4. Owners have spared no expense in preparing the property for new tenants
5. 18 room 4 star property with potential for growth
6. Long lease with 26.5 years remaining
7. Net-rent ratio is among the best in the market
8. Owner's residence features 3 bedrooms, bathroom, living room with office and separate lounge room
9. Front office is directly accessible from the residence
10. Solid business with great financials
11. Plenty of potential for new owners to apply their own ideas and strategies
12. Must inspect to fully appreciate the opportunity.
