Gunnedah, New South Wales
644ML - LEASEHOLD MOTEL RIGHT OUT OF THE TOP DRAWER!
SOLD
Business Description
- Boutique 4 Star Motel!
- Bed & Breakfast - no evening meals.
- Walking distance to restaurants and club.
- Absolute dream to operate.
- Solid Trading History.
- Recovering well from COVID-19 interruptions.
- Long lease and good rent ratio.
- Located in buoyant Commercial area.
- Don't miss it!
This 4 Star Leasehold Motel is right out of the top drawer! Built in 1998 it is a beautifully maintained Bed & Breakfast Motel offering 10 units, with a solid trading history, strong turnover, high occupancy and tariffs. It is one of the best Motels for sale available in the current market. Genuine Bed & Breakfast Motel sales opportunities are rare.
It is a comfortable walk to all the town's CBD facilities. The Gunnedah area has historically had a strong, diverse commercial base, with rural, business and mining activities prominent.
The ease of operation and the quality of this Motel, make it a must to inspect.
Net profit $114,947 for 2018/19 (being the last year prior to the impact of COVID-19) - Expect Stronger in 2021/22
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 644ML (quote when enquiring)
Location: Gunnedah is the hub of one of Australia's richest agricultural regions - the Liverpool Plains in North West New South Wales - and is located on the Kamilaroi and Oxley Highways. Gunnedah has a great variety of shopping, dining and entertainment venues. Residents and visitors will appreciate the variety of great cuisine that the local restaurants, pubs, clubs and takeaway venues have to offer.
Gunnedah primary industries is an expanding, vibrant industrial and manufacturing sector, all utilising Gunnedah's prime location, abundant supply of underground water and high capacity transport infrastructure. Key industry for the shire includes agriculture (cropping and livestock), manufacturing and processing services including brick works, leather works, grain milling and coal mining. Gunnedah is also supported by a thriving commercial and retail service sector.
Property Code: 3164
Business Summary
Key Investment Insights
Key Insights:
1. This is a 4-star boutique motel with a solid trading history and high occupancy rates.
2. The motel offers bed and breakfast services, but no evening meals.
3. It is conveniently located within walking distance to restaurants and a club.
4. The property is well-maintained and in excellent condition.
5. The motel has been recovering well from COVID-19 interruptions.
6. It has a long lease and a good rent ratio.
7. The location is in a buoyant commercial area with diverse industries such as agriculture, manufacturing, and mining.
8. This is a rare opportunity to purchase a genuine bed and breakfast motel.
9. The net profit for 2018/19 was $114,947 and is expected to be stronger in 2021/22.
10. The property is located in Gunnedah, a thriving town in the Liverpool Plains region of North West New South Wales.
11. Gunnedah has a variety of shopping, dining, and entertainment options.
12. The primary industries in Gunnedah include agriculture, manufacturing, and coal mining.
13. The property is listed under Property ID: 644ML and Property Code: 3164.
