Albury, New South Wales

Leasehold $795,000

Property Description

19ML - Money Earner in Albury - Collect the Cash

- Strong Corporate and Leisure market

- Extensively refurbished

- Massive 20KW Solar system installed

- Well positioned 3.5 star motel money earner

- On a high traffic flow main arterial road through Albury city

- 28 large well-appointed units

- 52 seat fully licensed restaurant currently used for breakfast only

- Motel has been improving greatly over the past two years

- Plenty of upside

- Offers a large three bedroom residence.

This quality motel is ideally located just off the Hume Highway and minutes to Albury’s shopping centre, clubs and local attractions. It has 28 large well-appointed units and features a fully licensed restaurant and conference area. The property specialises in catering for group bookings and coach tour groups.

With a significant refurbishment of the rooms, this well-presented Motel is currently operating at a 75% occupancy. Centrally located to many local attractions, both sporting and recreational, the town of Albury draws tourists from all walks of life.

Benefiting from reduced electricity costs, the property is currently benefiting from newly installed 20KW solar panels.

The motel is well maintained and presents well and with a large three bedroom, two bathroom residence on offer, provides a good lifestyle.

Albury is a booming regional city in NSW and the NSW State Government are keen to enhance the opportunities and help the area grow. For more details we have the NSW vision plan for 2022 if that assists.

This is a motel which deserves your closest attention. An inspection will not disappoint.

Net Profit $231,147 for 2017/18

Contact Alex Chan from Tourism Brokers for further information or to arrange an inspection.

Property ID: 19ML (quote when enquiring)

Property Code: 2993

Property Summary

Motel Information

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

Marketing Agent


Marketing Agency

Tourism Brokers

Alex Chan
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Albury, New South Wales 2640 Exact map location not provided

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