671 - 677 Young Street, Albury, New South Wales

Leasehold $795,000

Property Description

Albury Burvale Motor Inn - 1P4228M

Fantastic 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 attractively presented 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 18% of turnover
* Priced to sell with 31.5% Buyers Yield
* Long Lease with favourable terms
* 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

Dan McDonald
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

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

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