West Armidale, New South Wales

New England Leasehold and lifestyle

$720,000

Property Description

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.

Property Summary

Managers Unit

Bedrooms: 4Bathrooms: 2Office: Exclusive Use

Complex Information

Complex Type: n/aTotal Units in Complex: 0

Motel Information

Total 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.
Marketing Agent
Greg Matthews
Greg Matthews

Greg Matthews
Greg Matthews

Motel & Caravan Park Brokers NSW

Motel & Caravan Park Brokers NSW

Listing location
Gallery

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