Yass, New South Wales
1536ML - Real Opportunity to Add Value and Make $$
SOLD
Business Description
Huge upside from food and conferences, currently operated as a B&B facility and trading over 73% occupancy.
Currently run by a single operator with the support of staff; a couple could add significant value to the property.
Exceptional 3 bedroom residence with private yard and space adjoining the front office and commercial laundry.
An exceptional 30 room 3.5 star motel with high occupancy levels and quality fitout, this lease, with 23 years to run, 5 yearly to market rent reviews, offers a superb opportunity to capitalise on the current lessee's work and drive the business even further.
Some of the rooms are very spacious and well suited to families and the corporate market. The property includes 1 x 3 bedroom unit in the complex that make up part of the 30 rooms with a large number of bedding and room options.
Located with a short drive of the nation's capital and only 3 hours from Sydney, the property presents exceptionally well with a wide corner frontage and 'country style' architecture.
Motel is the preferred destination in the area for commercial travellers, tourists and those undertaking business in Canberra. Significant capital projects are often being undertaken in the area which enhances the long-term occupancy potential.
If you are looking for a busy motel in a prime location with a superb 3 bedroom residence and popular conference facilities then you simply cannot ignore this opportunity.
The layout and size of the property offers a number of benefits. With a stylish design, this property can be easily repositioned and cater for a number of markets that the property does not currently cater for. This is your opportunity to stamp your authority, create your vision and make the money from a revitalised business.
Net profit $214,149 for 2016/17
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1536ML (quote when enquiring)
Location: Yass is a progressive town with excellent educational, medical, aged care, sporting and recreational facilities. Because of its proximity to the ACT, Yass residents also have easy access to work and education opportunities in Canberra whilst enjoying living in a country environment. With its landscaped streets and restored heritage buildings, Yass is a charming and vibrant town. Good shopping and intimate cafes complement the historic attractions and the area's natural beauty. There are many attractions and retail opportunities in Yass town to keep you busy and some lovely villages full of history and wonder to visit as well.
Property Code: 2420
Business Summary
Key Investment Insights
1. Huge potential for growth and increased profitability through the addition of food services and conference facilities.
2. Opportunity for a couple to add significant value to the property.
3. Exceptional 3 bedroom residence with private yard and space adjoining the front office and commercial laundry.
4. 30 room 3.5 star motel with high occupancy levels and quality fitout.
5. Long lease with 23 years remaining and 5 yearly market rent reviews.
6. Located in a prime location, only a short drive from the nation's capital and 3 hours from Sydney.
7. Preferred destination for commercial travellers, tourists, and those doing business in Canberra.
8. Potential for increased occupancy with ongoing capital projects in the area.
9. Versatile property with potential to cater to a variety of markets.
10. Opportunity for new owner to reposition and revitalize the business.
11. Net profit of $214,149 for 2016/17.
12. Charming and vibrant town with excellent amenities and attractions.
13. Proximity to Canberra provides easy access to work and education opportunities.
14. Potential for additional revenue through retail opportunities in the town and surrounding villages.
