Bourke, New South Wales
199MF - WESTERN FREEHOLD MOTEL - MONEY MAKING SEASON ALL YEAR ROUND!
SOLD
Business Description
- 29 - 3.5 star motel suites, plus a separate four-bedroom accommodation cottage.
- Massive Net Profit opportunity $440k plus over the past three years on average. This complete with evident upside.
- Close to 20% Return on Investment over the past three years.
- Genuine opportunity to future lease for a high yielding passive investment.
- Vast key improvements schedule both internal and external has been undertaken by the current owners - inclusive of bathrooms, paint, carpet, hot water system, televisions, plumbing upgrade, beds, lighting, and the list goes on.
- Rare large manager's residence featuring four bedrooms and three bathrooms. Main bedroom has a renovated ensuite. Large kitchen has new oven and cook top. Double lock up garage and enclosed yard at the rear.
- Complete with external barbeque areas with garden setting and swimming pool.
- Ample space and trade to add future motel rooms (STCA).
- A very recent property valuation significantly more than the asking price.
- Occupancy from 1st July 2020 to date is 73%.
Tourism Brokers are excited to take to market this land, building and business asset. Simply stated this opportunity presents the highest yielding freehold going concern property on the market.
You have the perfect opportunity to escape the hustle and bustle of the city and experience a regional community and genuine money-making vehicle.
No need for extensive qualification on this one folks. In return of the basic art of hospitality you will comfortably exceed a corporate wage without the corporate red tape, whilst you steer the ship!
Rest assured it will be worth the trip!
Net profit $483,026 for 2018/19
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 199MF (quote when enquiring)
Property Code: 3547
Business Summary
Key Investment Insights
1. High Net Profit Opportunity: The motel has a proven track record of generating a net profit of $440k plus over the past three years, with potential for even higher profits in the future.
2. Strong Return on Investment: The motel has shown a return on investment of close to 20% over the past three years, making it a lucrative investment opportunity.
3. Potential for Passive Investment: The motel offers the potential for future lease as a high yielding passive investment, providing a steady stream of income for the owner.
4. Recent Improvements: The current owners have made significant improvements to the property, including upgrades to bathrooms, paint, carpet, and plumbing, making it a modern and well-maintained establishment.
5. Large Manager's Residence: The property includes a rare and spacious four-bedroom manager's residence with three bathrooms, providing comfortable living quarters for the owner.
6. Outdoor Amenities: The motel features external barbeque areas with garden settings and a swimming pool, providing guests with a relaxing and enjoyable stay.
7. Potential for Expansion: With ample space and demand, there is potential to add more motel rooms in the future, increasing the profitability of the business.
8. Recent Property Valuation: A recent property valuation has shown that the motel is worth significantly more than the asking price, making it a valuable investment opportunity.
9. Consistent Occupancy: The motel has maintained a consistent occupancy rate of 73% from July 2020 to date, indicating a strong demand for accommodation in the area.
10. Ideal Regional Location: The motel is located in a regional community, providing a peaceful and relaxed lifestyle for the owner while still offering a profitable business opportunity.
