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. From October 2024 there are 8 lettable rooms which will increase the bottom line.
- 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 Profit: $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
Key Investment Insights
1. The building has a long term lease of 10 years with 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 building is a local landmark and has a strong presence in the area.
4. The current building was built in 1996 after the previous one burnt down in 1995, showing the resilience and history of the property.
5. The business serves as a service centre for the area, attracting a reliable gathering of both locals and tourists.
6. The motel rooms have recently been refurbished and offer modern amenities, with plans to increase the number of lettable rooms in the future.
7. The public bar is a popular spot for locals and tourists alike, with a large country-style design and ample seating.
8. The restaurant serves modern Australian cuisine and can seat up to 30 people.
9. The outdoor area is well-landscaped and provides covered seating for guests.
10. The kitchen is well-equipped to cater to the hotel clientele, with commercial appliances and ample space.
11. There is a one-bedroom residence onsite for the owner or manager.
12. The property offers a home-like experience for guests, making it a popular choice for accommodation.
13. The projected net profit for 2022/23 is $91,350, providing a strong potential return on investment.
14. Interested buyers can contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
15. Property ID: 70HL (quote when enquiring)
16. Property Code: 4972.
