West Armidale, New South Wales
New England Leasehold and lifestyle
Are you over the rat race and ready for the relaxed country lifestyle, then this is the motel for you. The Armidale Pines motel is a 4 star, 19 Room leasehold motel with a large 4 bedroom manager's residence and a 20-year lease. The business has a long record of achieving high returns and has managed to maintain healthy returns despite covid’s impacts. The business provides many options for the new owner, you could run the business yourself or leave the current managers in place and just add the business to your portfolio.
The Motel is in central Armidale and is within walking distance to St Pauls Presbyterian Church, the Uniting Church, McDonald Park, and only a short drive to the University of New England. The business has a wide base of clients including students, business reps, and Travelers. Armidale is located midway between Sydney and Brisbane making it a perfect stopover for interstate travelers.
Managers UnitBedrooms: 4Bathrooms: 2Office: Exclusive Use
Complex InformationComplex Type: n/aTotal Units in Complex: 0
Motel InformationTotal Rooms: 19Stars: 4Liquor Licence: NoRestaurant: NoLease: LeaseholdLease Term: 20 years
Other Features / Notes
Managers residence features front and back office, kitchen, lounge, and dining room downstairs. 4 Bedrooms, 2 bathrooms upstairs.