Moree, New South Wales
STRONG REGIONAL LEASEHOLD AT 47% ROI - 1640ML
SOLD
Business Description
Exciting times for moteliers in this area as the government is investing BIG money in infrastructure works that will ensure the ongoing viability of all business in the region. This is the most profitable agricultural region in Australia and together with the Artesian Baths it attracts many tourists and workers on a weekly basis.
This updated motel is ranked No. 2 in town and has a fantastic reputation among locals and visiting guests. It has just secured a contract with the NSW Trains that guarantees rooms booked every night of the year.
There are 27 good quality rooms of varying configuration - all on the ground floor giving easy access for guests of all ages. There is an onsite saltwater pool, barbeque area and undercover parking. There is a renovated 3 bedroom residence attached to reception for ease of operation.
With a 25 year lease this is great value.
Net Profit: $468,161 expected for 2022/23
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1640ML (quote when enquiring)
Location: Moree is a progressive and dynamic town situated at the heart of NSW's northern wheat belt and recognised nationally as Australiaâ s Artesian Spa Capital. Ideally nestled on the New South Wales and Queensland border, Moree is a town rich in culture, heritage, agriculture and natural assets with each component intertwining to define the characteristics of both the town and the community. Moree is recognised as the capital of an emerging region. It is one of Australia's premier areas for agriculture production and is located on a significant national transportation corridor. Moree Shire presents significant opportunities for business and industry, with its stable population and access to three major cities - Sydney, Melbourne and Brisbane - and other coastal and inland centres and ports.
Property Code: 4419
Business Summary
Key Investment Insights
1. Prime location in a progressive and dynamic town, with ongoing government investment in infrastructure ensuring the long-term viability of businesses in the region.
2. Highly profitable agricultural region, attracting both tourists and workers on a regular basis.
3. Ranked No. 2 in town and has a strong reputation among locals and visiting guests.
4. Secured contract with NSW Trains guaranteeing rooms booked every night of the year.
5. 27 good quality rooms, all on the ground floor for easy access.
6. Onsite amenities including saltwater pool, barbeque area, and undercover parking.
7. Renovated 3 bedroom residence attached to reception for ease of operation.
8. 25-year lease offering great value for potential buyers.
9. Expected net profit of $468,161 for 2022/23.
10. Located in Moree, known as Australia's Artesian Spa Capital and recognised for its culture, heritage, agriculture, and natural assets.
11. Moree is recognised as the capital of an emerging region, with access to three major cities and other coastal and inland centers and ports.
12. Property Code: 4419.
