Key Investment Insights
AI generated. Confirm details with the seller.
1. The business for sale is the City Sider Motor Inn, located in Tamworth, a regional city in New South Wales, Australia.
2. The motel is in an excellent location in the CBD, making it easily accessible for guests.
3. The property includes 38 units, with potential for further development (subject to DA).
4. Sketch plans are available for an additional 22 apartments, which could potentially increase the profitability of the business.
5. The turnover for the business is well over $1.1 million, with a majority of the revenue coming from accommodation.
6. The motel has been run under management for a number of years, indicating a successful and established business.
7. There is a great opportunity to split and sell off a lease, providing potential for multiple streams of income.
8. The auction for the property will take place on May 31st, 2016 at the City Sider Motor Inn.
9. Interested parties can contact David Head from Tourism Brokers for further details and to arrange an inspection.
10. The property ID for this business is 1258MF, and should be quoted when inquiring.
11. The net profit for the business in 2014/15 was $601,112, indicating a strong and profitable business.
12. This is a rare and exceptional opportunity to own a successful motel in a regional city with potential for further development.
