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
Key Investment Insights
1. The building has a long-term lease with a reliable tenant, providing stability and potential for future growth.
2. The property has significant depreciation benefits, making it an attractive investment opportunity.
3. The hotel has a strong reputation in the local area, established through its long history and status as a landmark.
4. The recent refurbishment of the motel rooms adds value and appeal to the property, making it more attractive to potential guests.
5. The hotel serves as a service center for the area, providing a reliable gathering place for both locals and tourists.
6. The public bar and restaurant offer multiple sources of revenue and cater to a diverse range of customers.
7. The large outdoor area adds to the appeal of the property, providing a relaxing and inviting space for guests to enjoy.
8. The well-equipped kitchen and one-bedroom residence on-site provide convenience and comfort for guests and staff.
9. The projected net profit for the upcoming year is attractive and demonstrates the potential profitability of the business.
10. The property is listed with a reputable broker, providing a reliable source of information and assistance for potential buyers.
