Yass, New South Wales
1703ML - Long Lease, Strong Location
SOLD
Business Description
Situated in one of the strongest motel trading towns in NSW this 23 unit 3.5 star motel has just undergone a major refurbishment to both the external facade and the interiors of all rooms. New landscaping and signage enhances the street frontage and fresh paintwork to the brickwork, windows and doors adds to the repositioning of this popular destination.
Only 3 hours south of Sydney and within 40 minutes of Canberra this property is a favourite for commercial travellers, local industries and tourists alike. The rooms are comfortable and there is undercover parking for motor vehicles in front of each room.
Prominently located opposite the oval and public swimming pool this property offers over 4,000 sqm of land overlooking the river from the rear of the property.
The restaurant is easy to manage by the proprietors and mainly serves the needs of in-house clients.
Overall the majority of the work has been done but there are still areas where a new lessee, with the comfort of a 27 year lease (as at 01/09/15), can add their mark and build the business even further.
Net profit $110,500 anticipated for 2015.
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1703ML (quote when enquiring)
Property Code: 1468
Business Summary
Key Investment Insights
1. Strong location in a popular motel trading town in NSW
2. Recently undergone major refurbishment to both exterior and interior
3. New landscaping and signage enhances street frontage
4. Comfortable rooms with undercover parking
5. Prominent location opposite oval and public swimming pool
6. Overlooking river from rear of property
7. Easy to manage restaurant mainly serving in-house clients
8. Majority of work has been done, but potential for new lessee to add their mark
9. 27 year lease in place as of 01/09/15
10. Potential for net profit of $110,500 in 2015
11. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection
12. Property ID: 1703ML (quote when enquiring)
13. Property Code: 1468
