Lake Munmorah, New South Wales

756ML - An Opportunity to Experience the Motel Lifestyle

SOLD

Business Description

Centrally located motel situated between Newcastle and Sydney.
Minutes away from the beautiful local waterways.
Close to major shopping centres, clubs, patrolled beaches and boat ramps.
The recent upgrades are due to be completed by the end of this financial year (2015) and for the first time in many years all 12 rooms will be available for rent, so turnover is projected to grow by at least 30%.
Most rooms have internal access to the reception area which would be large enough to convert into a breakfast room if required.
With only a short term on the lease (6 years), this is a great opportunity to experience the motel lifestyle without a long term commitment or large financial input.

Net profit for last 12 months $48,194

Contact Warren Sweetman from Tourism Brokers for further information or to arrange an inspection.

Property ID: 756ML (quote when enquiring)

Property Code: 1534

Business Summary

Marketing Agent

Warren Sweetman

0498 96....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Centrally located motel between Newcastle and Sydney, providing a convenient location for guests.
2. Proximity to beautiful local waterways, offering potential for water-based activities and attractions.
3. Close to major shopping centres, clubs, patrolled beaches, and boat ramps, providing a range of amenities for guests.
4. Recent upgrades to be completed by the end of the financial year, leading to a projected 30% growth in turnover.
5. Most rooms have internal access to the reception area, offering potential for conversion into a breakfast room.
6. Short term lease (6 years) allows for a low commitment and minimal financial input, making it a great opportunity for those looking to experience the motel lifestyle.
7. Net profit of $48,194 for the last 12 months, indicating a profitable business.
8. Contact Warren Sweetman from Tourism Brokers for further information or to arrange an inspection.
9. Property ID: 756ML (quote when enquiring).
10. Property Code: 1534.