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