Ivanhoe, New South Wales
MODERN BUILDING WITH LONG TERM LEASE MOTEL/HOTEL – 70HL
SOLD
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. 35-year remaining lease from August 2025, providing long-term tenancy security and predictable occupancy rights.
2. Substantial depreciation available, enhancing tax benefits for investors.
3. Local landmark status, indicating strong community recognition and repeat patronage.
4. Established replacement building constructed in 1996 after the original hotel burned down in 1995, implying durable modern construction.
5. Identified service centre for the area, attracting a consistent mix of locals and tourists, supporting stable revenue.
6. Motel accommodation recently upgraded, seven newly refurbished rooms with queen beds, fresh linen, air-conditioning, lounge and ensuites, creating a comfortable, home-like offering.
7. Lettables increased to eight rooms from October 2024, noted to have improved the bottom line.
8. Full hospitality mix including a large country-style public bar with timber counter seating, and a 30-seat restaurant serving modern Australian cuisine, broadening income streams.
9. Large landscaped outdoor area with covered sections and bench seating, enhancing patron experience and capacity for outdoor service.
10. Commercial kitchen fitted with gas appliances, ample bench space and a walk-in cool room, enabling efficient food service and catering to hotel clientele.
11. Onsite one-bedroom residence with ensuite and air conditioning, providing convenient owner/operator or manager accommodation.
12. Adjusted net profit reported at $108,601 for 2024/25, offering a clear recent earnings benchmark.
