2 Edward Street, Corowa, New South Wales
SOLD - Statesman Motor Inn
SOLD
Business Description
CRE Brokers are pleased to be appointed as the Exclusive Agency for the leasehold sale of the Statesman Motor Inn, Corowa. This well presented twenty-six unit motel is conveniently located only a short walk to Corowa's main street and the Murray river. The motel boasts an excellent corner street frontage to capture passing trade.
The Statesman Motor Inn offers a range of rooming configurations, consisting of twin, queen and family units and includes a commercial kitchen and comfortable three bedroom, two bathroom manager's residence.
The Motor Inn is an easy to operate motel- with no breakfast. The Motel will suit experienced operators or those new to the motel industry. With a healthy turnover of $530,000 in the 2023 financial year the business can be easily operated under management. Having entered into a new lease term in August 2023 with a below market rent of $90,000 per annum (exc GST) with further options until 2058, this opportunity is not to be missed!
Book your inspection today.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:NSW - Riverina & MurrayKey Investment Insights
1. Exclusive Agency for leasehold sale of Statesman Motor Inn in Corowa
2. Convenient location near main street and Murray river
3. Well-presented 26 unit motel with excellent corner street frontage
4. Range of rooming configurations including twin, queen, and family units
5. Commercial kitchen and comfortable three bedroom, two bathroom manager's residence
6. Easy to operate motel with no breakfast option
7. Suitable for experienced operators or those new to the motel industry
8. Healthy turnover of $530,000 in the 2023 financial year
9. New lease term until 2058 with below market rent of $90,000 per annum (exc GST)
10. Further options available for lease renewal
11. Opportunity for easy operation under management
12. Book an inspection today to secure this opportunity
13. Other features include Leasehold, Motel, and NSW - Riverina & Murray location.
