Ivanhoe, New South Wales
MODERN BUILDING WITH LONG TERM LEASE MOTEL/HOTEL – 70HL
LEASEHOLD $90,000
Business Description
- 35 years remain on the lease from August 2025.
- 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 the lettable rooms increased to 8 which increased 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.
Adjusted Net Profit: $108,601 for 2024/25 (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 business has a long-term lease with 35 years remaining, providing stability and potential for future growth.
2. The building has substantial depreciation, allowing for potential tax benefits for the new owner.
3. The hotel is a local landmark and has been a part of the community since it was rebuilt in 1996.
4. The hotel serves as a service center for the area, attracting a reliable gathering of both locals and tourists.
5. The motel rooms have been recently refurbished and offer modern amenities, making them a comfortable and attractive option for guests.
6. The public bar is a large and inviting space, with a long timber counter and ample seating for guests to enjoy.
7. The restaurant offers modern Australian cuisine and can seat up to 30 guests, providing an additional source of income for the business.
8. The outdoor area is well-landscaped and provides a comfortable and inviting space for guests to relax and enjoy their stay.
9. The hotel kitchen is well-equipped to cater to the needs of the guests, with commercial appliances and ample space for food preparation.
10. The onsite residence provides convenience for the owner or manager and adds to the overall appeal of the business.
11. The business has a strong focus on guest satisfaction, with efforts made to make guests feel at home during their stay.
12. The adjusted net profit for 2024/25 is estimated to be $108,601, providing a solid return on investment for the new owner.
13. The business is listed with Tourism Brokers, a reputable agency with experience in the hospitality industry.
14. The property has a unique identification code (70HL) for easy reference when enquiring about the business.
15. The property code (4972) can also be used for further enquiries about the business.
