Hay, New South Wales

Building and room upgrades already completed and high occupancy rates | Resort Brokers ID : FH006996

$2,500,000

Property Description

The Highway Inn Motel in Hay NSW has had all rooms upgraded with new bathrooms, new carpets, freshly painted and 126 solar panels installed to minimise new owners costs for years to come. Featuring 17 rooms of a variety of sizes, in-ground swimming pool, large manager's residence with additional vacant land to further develop. Over the last three years the average net profit of $315,436pa makes this a desirable property to all buyers with a selling price of $2,500,000 with a yield of 12.6% with all major works already completed reducing operating costs for years to come.



  • Continually averaging 67% net profit after addbacks

  • New fit-out to minimise new operators costs

  • 126 solar panels to further reduce operating costs

  • Averaging 89.8% occupancy

  • Attached additional land for further development

  • Perfectly located near town centre and clubs for eateries

  • Large manager's residence

  • Commercial kitchen only used for breakfast and could run dinner for additional income

  • Average net profit of$315,436

  • Property inspections are by appointment only

Date updated: 01 Dec 2021 00:00:08

Property Summary

Business Snapshot

Price: $2,500,000 Net Profit: $306,840

Motel Information

Marketing Agent
Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Best buy Boutique freehold going concern motel | Resort Brokers ID : FH007028
CARETAKING BUSINESS IN PRIME LOCATION | Resort Brokers ID : MR007017
Central Qld Motel Lease
Business For Sale - Off the Plan Now Completed - ID 8792 BL
Launceston CBD, Award Winning AAA 4 Star 37 Room Motel, Parking, Views Coming Soon
1260MF - BIG REGIONAL CITY FREEHOLD MOTEL WITH PLENTY TO OFFER
this business has the perfect lifestyle balance - work a little, leisure a lot | Resort Brokers ID : MR007021
MODERN HIGH-RISE BUSINESS ONLY MANAGEMENT RIGHTS IN TOOWONG | Resort Brokers ID : MRB007009
Coastal Luxury Accommodation | Resort Brokers ID : FH007022
2683ML - GREAT FIRST TIME MOTEL
Cooma Hotel, VIC - 1P0095
Barham Hotel NSW - 1P0096
PRIME HIGH NET BEACHSIDE RESORT ON QUEENSLAND SUNSHINE COAST | Resort Brokers ID : MR007026
Magnificent Armidale Leasehold Motel | Resort Brokers ID : LH007023
800MI - A SUPER MOTEL PASSIVE INVESTMENT!
Business For Sale - Exquisite Location - Close to Famous Beaches - ID 9036 H
Mudgeeraba/Robina Permanent-live off site
2610ML - A MOTEL LEASEHOLD WITH THE LOT