Moree, New South Wales
VERY AFFORDABLE FREEHOLD MOTEL WITH GREAT POTENTIAL! - 894MF
FREEHOLD $675,000
Business Description
- All Genuine Offers Considered!
- Huge opportunity for the astute Investor.
- Small Freehold Motel with plenty of growth on offer.
- Located in Moree, NSW, a very strong Motel town.
- Currently very under-utalised with part-time use only.
- Due to COVID and elderly owner, the property has not run too its full potential.
- 8 double brick units (6 with kitchenette and ensuite) off a common lounge room, kitchen, Laundry and outdoor barbeque area.
- Additional modern 2 bedroom apartment that would be suitable for the owner operator’s residence.
- Low power bills with 18 solar panels (approx. $130 quarter).
- Land size 620 sqm. There is a current DA to allow construction of another floor and two units.
- Limited Financials so minimal to nil Bank Finance accessible.
- Low price opportunities like this are rare - don’t miss it!
Contact Tony Neale from Tourism Brokers for further information or to arrange an inspection.
Property ID: 894MF (quote when enquiring)
Property Code: 4633
Business Summary
Key Investment Insights
1. Huge potential for growth and development with the right investor
2. Located in a strong motel town, providing a steady stream of customers
3. Currently underutilized with part-time use only, leaving room for improvement
4. Elderly owner and COVID have affected the property's full potential
5. 8 double brick units with kitchenettes and ensuites, along with a common lounge, kitchen, laundry, and outdoor BBQ area
6. Additional modern 2 bedroom apartment suitable for owner-operator's residence
7. Low power bills thanks to 18 solar panels
8. Land size of 620 sqm with a current DA for construction of another floor and two units
9. Limited financials and minimal bank finance options available
10. Rare opportunity at a low price, don't miss out!
