Ivanhoe, New South Wales

MODERN BUILDING WITH LONG TERM LEASE MOTEL/HOTEL – 70HL

LEASEHOLD $90,000

Business Description

- 10 years commenced August 5th, 2020 with 3 x 10 years options.

- Substantial depreciation.

- A local landmark for the area.

- The old hotel burnt down in late 1995 and this one was built in 1996.

- Service centre for the area and has a constant reliable gathering of locals and tourists alike..

- 7 newly refurbished motel rooms. They feature brand new queen beds fitted out with fresh linen, air-conditioning, side tables, lounge and ensuite to make the stay a bit more like home.

- Large country style public bar with long timber counter with stools plus other assorted tables and chairs.

- 30 seat restaurant serving modern Australian cuisine.

- Large landscaped outdoor area with covered areas and bench seating.

- The Hotel kitchen is suitably equipped to cater to the hotel clientele with commercial appliances, gas facilities, ample bench space and a walk-in cool room.

- One bedroom residence onsite with ensuite and air conditioning.

- Guests don’t have to go anywhere else to feel right at home.

Net Profiut: $91,350 for 2022/23 (as provided by vendor)

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 70HL (quote when enquiring)

Property Code: 4972

Business Summary

Marketing Agent
Michael Philpott
Michael Philpott

Key Investment Insights

1. The property has a long term lease with 10 years already commenced and 3 x 10 years options, providing stability and potential for long term growth.
2. The property has substantial depreciation, making it an attractive investment opportunity.
3. The property is a local landmark for the area, providing a sense of community and recognition.
4. The building has a rich history, having been rebuilt after a fire in 1995, adding to its character and charm.
5. The property is a service centre for the area, providing a reliable gathering place for locals and tourists.
6. The motel rooms have recently been refurbished and offer modern amenities to make guests feel at home.
7. The public bar is a large country style space with a long timber counter and various seating options.
8. The property has a 30 seat restaurant serving modern Australian cuisine, providing additional revenue streams.
9. The outdoor area is landscaped and offers covered areas and seating, providing a relaxing atmosphere for guests.
10. The hotel kitchen is well-equipped with commercial appliances, gas facilities, and ample bench space, making it suitable for catering to hotel clientele.
11. The property also includes a one bedroom residence with an ensuite and air conditioning, providing convenience for the owners or manager.
12. The property offers a home away from home for guests, making it a popular choice for accommodation.
13. The net profit for 2022/23 is estimated to be $91,350, providing a potential return on investment for potential buyers.
14. Interested parties can contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
15. The property has a designated Property ID (70HL) for easy reference.
16. This is a rare opportunity to own a modern building with a long term lease, making it an attractive investment for potential buyers.
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