Glen Innes, New South Wales
AFFORDABLE FREEHOLD WITH UPSIDE - 566MF
FREEHOLD $1,150,000
Business Description
- 12 room Freehold all ground floor.
- Busy highway position.
- Under cover parking outside every room.
- 1.3 km to city centre.
- Land size 4,000 m2 plus - sufficient unused land for expansion (see previous DA STCA).
- All new hot water systems.
- 70 solar panels, expandable.
- Simplified business operation with upside.
- Potential upside from F&B, IT, reviews and marketing.
Family of three operated freehold motel business with upside opportunities for energetic or experienced operator. This tidy business can run with a team of three or a couple and one casual.
It’s a simple motel operation without pool, food, or alcohol, and includes extra land space onsite to add more units (see previous DA - STCA).
An excellent opportunity for the right owner. Currently showing 14% return.
Net Profit: $128,249 for 2022/23 (as provided by vendor)
Contact Tony Neale from Tourism Brokers for further information or to arrange an inspection.
Property ID: 566MF (quote when enquiring)
Property Code: 4966
Business Summary
Key Investment Insights
1. Prime location on a busy highway, providing high visibility and easy access for guests.
2. All 12 rooms are located on the ground floor, making it convenient for guests with mobility issues.
3. Each room has its own under cover parking space, providing added convenience and security for guests.
4. Close proximity to the city centre (1.3km) makes it an attractive option for travelers looking for accommodation near the city.
5. Large land size of 4,000m2 with potential for expansion (previous DA - STCA), providing opportunities for growth and increased revenue.
6. Upgraded hot water systems in all rooms, ensuring a comfortable stay for guests.
7. 70 solar panels installed, with potential for expansion, providing cost savings and potential for eco-friendly marketing.
8. Simplified business operation without the added complexities of food, alcohol, or pool facilities.
9. Potential for increased revenue through the addition of food and beverage services, improved online presence and marketing strategies, and positive reviews.
10. Family-operated business with potential for a team of three or a couple and one casual staff member.
11. Showing a strong return of 14% for the current financial year.
12. Net profit of $128,249 for 2022/23 (as provided by vendor), making it a profitable investment opportunity.
13. Opportunity for further information and inspection through Tony Neale from Tourism Brokers.
14. Property ID: 566MF (quote when enquiring).
15. Property Code: 4966.
