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 underutalised 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.
- 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. The business for sale is a small freehold motel with potential for growth.
2. It is located in Moree, NSW, a strong motel town.
3. The property is currently underutilized due to COVID and elderly owner.
4. There are 8 double brick units, 6 with kitchenette and ensuite, off a common lounge room, kitchen, laundry, and outdoor barbecue area.
5. There is also a modern 2 bedroom apartment suitable for the owner/operator's residence.
6. The property has low power bills with 18 solar panels.
7. The land size is 620 sqm.
8. Limited financials are available, making bank finance difficult.
9. The price for this opportunity is low and rare.
10. Interested parties can contact David Head from Tourism Brokers for more information or to arrange an inspection.
11. The property ID is 894MF.
12. The property code is 4633.
