671 - 677 Young Street, Albury, New South Wales

Leasehold $990,000

Property Description

Albury Burvale Motor Inn - 1P3987M

EXCLUSIVE TO CRE BROKERS

NSW Leasehold Motel For Sale

Albury central location, this 28 room Leasehold Motel demonstrates excellent trading results across recent financial years after significant recent room refurbishment across 80% of the property.

The Motel is ideally located on a main thoroughfare, less than a one minute drive to the Hume Highway and two minutes to the central business district and shopping precinct.

The Motel offers a diverse range of room configurations and also features a conference/dining area with a fully licensed bar, commercial kitchen and a 3 bedroom, 2 bathroom residence. The building is of solid brick construction with designated parking to all rooms. The exterior of the Motel is very well kept with attractive gardens.

Situated in a very strong tourist and corporate town this motel still has plenty of opportunity to increase profits without spending a lot of money.

* Rent set at an incredible 14% of turnover
* Priced to sell with 33.3% Buyers Yield
* Compact and easy to manage and maintain
* Strong corporate & leisure trade
* Newly installed 20KW Solar Panels

A rejuvenated Albury Burvale Motor Inn is priced to meet the market against annual returns and with incredible rental terms this is a real must to inspect.

Book your inspection now with CRE Brokers the Exclusive agents.

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:NSW - Riverina & Murray

Marketing Agent


Marketing Agency

CRE Brokers

CRE Brokers

CRE Brokers

Dan McDonald
CRE Brokers

Phone

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Property Map

Map Location ( get directions )

671 - 677 Young Street, Albury, New South Wales 2640

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