Taree, New South Wales

Sought after leasehold motel business in Mid North Coast regional centre

$580,000

Property Description

Centrally situated in the heart of the town. 1KM walking distance to the busiest shopping area.
It has only 3.5 hours' drive from Sydney, so it is an ideal rest area in the Easter Coast.
The regional hub attracts not only tourists but also continuous business travelers, trades because of booming regional economy. New government funding involved project valued at $455M in total will bring stable and regular client base in the next decade.
One side is KFC and other side is a luxury brand car retailer. Easily recognized when you drive.
Double Access. One block has riverside view and another side with the reception sit on the main road.
20 well presented rooms with ample parking space. Beautiful pool and BBQ area.
With average Room Tariffs of $126 a night. It was recently changed to $110-$210.
2009 SQM size. Excluding the three months affected by Covid, the average occupancy last year after the current owner took over can reach as high as 80%.
4-bedroom residence, fully equipped including kitchen, home office, two bathrooms.
Recently renovated, $130K spent just in 2021. Nothing to spend for the next owner.
19 years lease remaining on the lease with the potential to buy the property.

Reason for sale: Family reason.

Price: $580,000

Contact Barton Cha from Sinosmart Business Brokering for more information or booking an inspection.
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Property Summary

Motel Information

Marketing Agent
Barton Cha
Barton Cha

Business Brokers Network Australia

Business Brokers Network Australia

Listing location
Gallery

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