Tamworth, New South Wales

1254ML - BLUE-CHIP CORPORATE LEASEHOLD, LIVE OFFSITE IN THE COUNTRY MUSICAL CAPITAL

LEASEHOLD $1,085,000

Property Description

Tourism Brokers are excited to offer this 4.5 star quality commercial business, with a long-term history of high performance.

- Fully refurbished 4.5 star motel – no major investment required long term.

- A secure 33 year lease term.

- Prime location on the junction of two major arterials into the town center.

- Major regional hub with repeat annual event calendar securing your commercial investment indefinitely.

- Solid 'normal' trading history with turnover in the high $800,000's.

- Current net profit trajectory indicates net operating profit of $350,000 plus, thus providing opportunity to operate under a management structure with a healthy passive return on investment.

- Upside remains post a recent full restaurant and kitchen refurbishment, completed with state-of-the-art furnishings and equipment. Current operator consciously minimized output to circa 10% of income.

- Current operators reside offsite, thereby creating a sustainable work / life separation. Onsite living solution is available if required.

- Successful new corporate brand affiliation with Choice Hotels providing provision and access to the Global Distribution System (GTS), gaining genuine recent traction.

In a financial market highlighting the accommodation sector as a fantastic return on investment value.

The vendors have priced the business to sell, not to set a comparison sale record by chance. Your ability to operate yourself or place efficient managers or family members for a passive or active business provides options, whilst you benefit from existing performance, the accommodation sector boom and large region area security.

Tamworth is a dynamic, modern and progressive city and a major regional service centre with an easy-going lifestyle and a strong economy. Manufacturing, health and community services, education, logistics, wholesale trades, food processing and tourism and hospitality provide a solid economic base for the city. Retail is the biggest employer, and there's a strong base in property and financial service sectors, aviation and construction. Agriculture generates significant economic activity, and so does the Australian Equine and Livestock Events Centre.

There are a lot of reasons why the Tamworth region is attracting people and businesses. People are attracted to the lifestyle, the healthy environment, a vibrant retail sector, excellent sporting facilities and many employment opportunities.

Net Profit: $327,000 expected for 2020/21

Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1254ML (quote when enquiring)

Property Code: 3809

Property Summary

Motel Information

Marketing Agent
James Carrick
James Carrick

Listing location
Gallery

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