54 Meninya Street, Moama, New South Wales
LEASEHOLD - Meninya Palms Moama, NSW - 1P0533
Leasehold - $1,795,000
Business Description
Rare and highly sought after motel complex for lease, direct from the landlord.
Key Features:
* 50 room leasehold motel located in the busy tourism destination of Echuca - Moama.
* Brand new 25 x year lease direct from the landlord with outstanding terms, negotiable to the highest bidder.
* Resort style format offering dormant function, conference and restaurant areas that have not contributed to sales revenue in recent years.
* Boasting two in-ground swimming pools, two BBQ areas, gazebo and a new camp style kitchen for guests.
* 17 of the 50 rooms have had bathroom renovations of excellent quality and craftsmanship, remaining bathrooms are in good condition.
* Occupancy of 52% demonstrates the capacity for improvement here within this business model.
* Large room sizes with flexible and diverse room formats.
* Complimented by the anticipated demolition of the 30 room Sportsmans Motel (located approx. 800-metres from the Meninya Palms) in the near future.
Inspections are strictly by appointment only.
Contact Dan McDonald, the Exclusive Agent, direct to arrange an inspection.
Business Summary
Other Features / Notes
EXCLUSIVE, LEASEHOLD, Motel, NSW - Riverina & Murray, Primary FeaturedKey Investment Insights
1. 50-room leasehold motel located in the busy tourism market of Echuca-Moama, NSW, providing established accommodation scale.
2. Brand new 25-year lease direct from the landlord, negotiable to the highest bidder, offering long-term tenure security.
3. Leasehold sale handled exclusively, contact Dan McDonald for inspections and arrangements, inspections by appointment only.
4. Resort-style complex with dormant function, conference and restaurant areas, presenting clear revenue diversification opportunities.
5. Two in-ground swimming pools, two BBQ areas, a gazebo and a new camp-style kitchen, enhancing guest amenity appeal and group accommodation potential.
6. 17 of 50 rooms have high-quality bathroom renovations, indicating partial recent capital investment and upgraded product offering.
7. Remaining bathrooms described as in good condition, limiting immediate capital expenditure for full property operation.
8. Occupancy at 52% indicates significant upside for revenue and yield improvement under active management or marketing.
9. Large room sizes with flexible and diverse room formats, supporting varied guest segments and pricing strategies.
10. Anticipated demolition of a nearby 30-room motel approximately 800 metres away could reduce local supply and support occupancy and ADR improvement.
11. Leasehold structure implies operator takeover of an existing business model and assets, not a freehold acquisition, relevant for financing and investment planning.
