Glen Innes, New South Wales
1644MF - Huge Upside with this Big Freehold!
SOLD
Business Description
- Opportunity plus!
- Currently run under management
- 40 ground floor units.
- Popular Restaurant.
- Turnover regaining its past high levels.
- Listed to sell well below replacement value.
- Outstanding Highway appeal.
- Property runs the full block in depth with dual street access.
- Popular New England location.
- Contact us now for further details.
Net profit $394,906 for 2015/16
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1644MF (quote when enquiring)
Location: Glen Innes NSW
Glen Innes is situated amidst rolling countryside on the Northern Tablelands of NSW, 624 km north-east of Sydney. It has a current population of 6,250 people. The local economy is based principally upon agriculture and tourism.
The town is known for its fine parks which are especially attractive in autumn. Glen Innes has numerous arts, craft and collectables shops. Fishing, fossicking and horseriding are also popular ways to enjoy the scenic environs.
The town's annual celebrations include the Pastoral and Agricultural Show in February, the Australian Celtic Festival in May, 'Minerama' in September, the Australian Bush Music Festival in October, the Land of the Beardies Bush Festival in November and Gourmet in the Glen. The town markets are held on the second Sunday of the month in Grey St and, in summer, on the third Sunday at Red Range Sports Grounds.
Property Code: 1809
Business Summary
Key Investment Insights
1. Opportunity for growth and improvement with this business.
2. Currently run under management, providing potential for a hands-on owner to increase profits.
3. 40 ground floor units provide a solid base for accommodation revenue.
4. Popular restaurant adds to the overall appeal of the business.
5. Turnover is on the rise, indicating a positive trend for the future.
6. Listed at a price well below replacement value, providing potential for a good return on investment.
7. Excellent highway appeal, making it easy for travelers to find and access.
8. Property has dual street access, providing convenience for guests and potential for expansion.
9. Located in a popular tourist destination, providing a steady stream of potential customers.
10. Annual events and markets in the town provide additional opportunities for business.
11. Net profit of $394,906 for 2015/16, indicating a successful and profitable business.
12. Contact David Head from Tourism Brokers for further information or to arrange an inspection.
13. Property ID: 1644MF (quote when enquiring).
14. Located in Glen Innes, a picturesque town on the Northern Tablelands of NSW.
15. Local economy based on agriculture and tourism, providing a stable and diverse customer base.
16. Town known for its fine parks, arts and crafts, and outdoor activities such as fishing and horseriding.
17. Annual celebrations and events provide additional opportunities for business and attract tourists.
18. Property Code: 1809.
