Moree, New South Wales
888ML - Solid Leasehold with Great Returns
SOLD
Business Description
Cheap rent, 25 year lease, good landlord
22 rooms of varying configurations
3.5 star quality, R&M up to date
Small restaurant/breakfast room - simple menu
Lots of repeat business and corporate trade
Onsite pool, barbeque, ample parking, very minimal grounds work
Central location, occupancy over 70%
If you are looking for a consistent leasehold in a strong motel town then look no further than this medium sized motel in Moree. The R&M has been kept up to date by both tenant and landlord and there is nothing to spend immediately.
The motel attracts reps, tradies, travellers and local farmers due to the location, comfort, cleanliness and convenience. You would find it hard to buy a better priced motel that will satisfy your needs and your bank balance equally.
2 bedroom owner's residence with secure parking and plenty of storage.
Small restaurant, with basic menu that is only open Monday - Thursday for in house guests
Realistic sellers have offered the motel at a 38% return - that is fantastic!
This leasehold would suit a couple who are experienced operators or first-time moteliers.
Contact us now to receive more information on this great offering.
Net profit $229,616
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 888ML (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 Australia'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.
The region's economy is based on traditional agricultural industries such as cotton, wheat, sheep, cattle and pecan nuts, supplemented by emerging olive and citrus industries. Tourism, retail, finance, business services and properties are also strongly represented. Moree offers a range of outstanding amenities, facilities, and commercial amenities, facilities and commercial advantages.
Property Code: 2558
Business Summary
Key Investment Insights
1. Cheap rent and 25 year lease make this a financially attractive opportunity for potential buyers.
2. Good landlord and well-maintained R&M add to the appeal of the property.
3. 22 rooms of varying configurations provide flexibility for different types of guests.
4. Small restaurant/breakfast room with a simple menu caters to in-house guests and adds convenience for travelers.
5. Strong repeat business and corporate trade indicate a loyal customer base.
6. Onsite amenities such as a pool, barbeque, and ample parking make for a comfortable stay for guests.
7. Central location and high occupancy rate (over 70%) make this motel a desirable option for travelers.
8. 2 bedroom owner's residence with secure parking and storage adds to the value of the property.
9. Realistic sellers offering a 38% return make this a great investment opportunity.
10. Suitable for experienced operators or first-time moteliers, making it a versatile option for potential buyers.
11. Located in Moree, a progressive and dynamic town known for its agriculture and natural assets.
12. Moree is recognized as the capital of an emerging region with access to major cities and ports.
13. The region's economy is based on traditional agricultural industries, supplemented by emerging industries such as olive and citrus.
14. Moree offers a range of amenities, facilities, and commercial advantages for businesses.
15. Property code: 2558.
