Hay, New South Wales
667MI - A Quality Motel, Halfway Between Sydney and Adelaide
SOLD
Business Description
- Corporate executive property in profile position.
- Near the crossroads of the Cobb Highway and Mid-Western Highway.
- 35 ground floor rooms - all rooms including bathrooms have been updated and refurbished.
- 60 seat restaurant/conference centre and fully equipped large commercial kitchen.
- Well established.
- Rated No 1 on Trip Advisor.
- 8% Return on Investment.
- Passive Freehold Investment
Opportunities like this are rare and with a series of multi-million-dollar solar farms to commence construction in 2019 this is a real opportunity. The existing owners have held the business for in excess of 10 years and a new lease is being created with a corporate tenant.
An oasis of modern accommodation halfway between Sydney and Adelaide. This spacious property has it all after a long drive. Good food and quality accommodation are the minimum standard when you stay.
This business will not last long. Call for an inspection today.
Annual Rent: $255,000 plust GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 667MI (quote when enquiring)
Location: A friendly rural community, Hay is situated on the picturesque Murrumbidgee River, about halfway between Sydney and Adelaide and just over 400 kilometres from Melbourne. Hay is a progressive and proactive community with agriculture the main base of the economy but in recent years the community has embraced tourism. This diversification has created a range of employment and business opportunities in the private and government sector.
Hay's geography, climate and environment are conducive to a range of agricultural and pastoral activity. The Hay Shire is well known for its Merino sheep and wool industry as well as producing a diverse range of commercial crops such as rice, corn, cotton and wheat. Irrigated horticultural land produces lettuce, rockmelon, broccoli, grapes and garlic. Hay is centrally located to transport this produce to markets in Sydney, Melbourne, Adelaide and Canberra. The potential to value add in the horticultural industry is extensive.
Property Code: 3230
Business Summary
Key Investment Insights
1. Prime location near the crossroads of two major highways, making it easily accessible for travelers.
2. Recently updated and refurbished rooms and facilities, providing a high-quality experience for guests.
3. Includes a 60-seat restaurant and conference center, offering additional revenue opportunities.
4. Established business with a strong reputation, rated No. 1 on Trip Advisor.
5. High return on investment at 8%, making it a profitable opportunity.
6. Passive freehold investment, providing a steady stream of income for the owner.
7. Located in a growing area with multiple solar farms set to be constructed in the near future, potentially increasing demand for accommodation.
8. Current owners have held the business for over 10 years, demonstrating its success and stability.
9. Offers a comfortable and modern oasis for travelers on long drives between Sydney and Adelaide.
10. Located in a friendly rural community with a diverse economy, providing potential for growth and development.
