261 Goonoo Goonoo Rd, Tamworth, New South Wales
HIGH-PERFORMING TAMWORTH LEASEHOLD MOTEL WITH EXCEPTIONAL RETURNS
Leasehold - Offers Over 1.8M
Business Description
Ras360 exclusively presents the award-winning Edward Parry Motel & Apartments to the market.
Positioned in the thriving regional centre of Tamworth, this outstanding 4-star leasehold motel offers a rare opportunity to secure a high-performing accommodation business with an exceptional reputation, strong corporate trade and approximately 90% occupancy under the current owners.
The business features 15 well-presented accommodation keys including spacious Queen, Twin and Family motel rooms along with fully self-contained 2-bedroom apartments, catering to a wide range of guests from corporate travellers to families and sporting groups.
Key highlights include:
Approx. 29 years remaining on the lease
Approx. $850,000 annual turnover
Projected net profit of approximately $455,000 including add-backs
Spacious 3-bedroom manager’s residence attached to reception
Multiple award-winning motel with strong online presence and repeat clientele
Ground-level complex in outstanding condition with nothing to spend
Growth opportunities across food, sporting groups, apartment marketing and database marketing
With forward bookings, established systems and a strong operational foundation already in place, Edward Parry Motel & Apartments presents an exceptional opportunity for both experienced operators and newcomers alike.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Key Investment Insights
1. Located in the thriving regional centre of Tamworth, offering strong local demand and corporate trade.
2. Award-winning 4-star leasehold motel with a notable reputation and strong online presence.
3. Approximately 15 accommodation keys, including Queen, Twin, Family rooms and fully self-contained 2-bedroom apartments, catering to corporate travellers, families and sporting groups.
4. Current occupancy around 90% under the existing owners, indicating high utilisation.
5. Approximate annual turnover of $850,000, demonstrating solid revenue performance.
6. Projected net profit of approximately $455,000 including add-backs, indicating attractive returns.
7. Long lease term with approximately 29 years remaining, providing long-term tenure and stability.
8. Spacious 3-bedroom manager’s residence attached to reception, supporting onsite management and operational efficiency.
9. Ground-level complex in outstanding condition with nothing to spend, reducing immediate capital expenditure requirements.
10. Forward bookings and established systems in place, providing cashflow visibility and operational continuity.
11. Clear growth opportunities across food service, targeting sporting groups, targeted apartment marketing and database marketing.
12. Suitable for both experienced operators and newcomers given the strong operational foundation and repeat clientele.
