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

Marketing Agent
Tony Neale
Tony Neale

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. Undercover parking is available outside every room, providing added convenience and security for guests.
4. Close proximity to the city center (1.3 km) makes it an attractive option for both leisure and business travelers.
5. Large land size of 4,000 m2 with potential for expansion (previous DA - STCA), providing an opportunity for increased revenue.
6. Recently upgraded hot water systems ensure a comfortable stay for guests.
7. 70 solar panels on the property, with potential for expansion, provide cost savings and environmental benefits.
8. Simplified business operation with potential for upside in areas such as food and beverage, IT, reviews, and marketing.
9. Suitable for a family of three to operate, or a couple with one casual staff member.
10. Opportunity for an energetic or experienced operator to take advantage of the potential upside and increase profitability.
11. Currently showing a strong return of 14%.
12. Net profit projected to be $128,249 for 2022/23 (as provided by vendor).
13. Contact Tony Neale from Tourism Brokers for further information or to arrange an inspection.
14. Property ID: 566MF (quote when enquiring).
15. Property Code: 4966.
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