Armidale, New South Wales

$840,000

Property Description

Very Rare New England Motel Lease

This Motel is regarded as an unforgettable New England experience. The boutique New England Motel is only a short walk to the central business district. You will find yourself minutes from the University of New England, the New England Regional Art Museum, Oxley Wild Rivers National Park and Dangar Falls.
On the grounds of the complex is the historic home, built in the late 1800′s which now houses the renowned restaurant. The a la carte restaurant (open Monday-Saturday) offers guests a unique dining experience including a bar, lounge, library and billiards room where you can enjoy a drink and relax.
The present owners have completed an extensive refurbishment program and the motel presents to a very high standard, ready for the next owner.
32 years left on the Lease with $20,000 per year for upgrades from the Landlord.
24 Well-appointed guest rooms, all on the ground floor.
75 seat restaurant.
Guest lounge, bar and billiard room.
Gym, guest laundry and outdoor setting
Net profit $253,372 expected for 2015/16

Property Summary

Motel Information

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

Marketing Agent


Marketing Agency

A B Brokers

A B Brokers

A B Brokers

Jim Beard
A B Brokers

Phone

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Map Location ( get directions )

Armidale, New South Wales 2350 Exact map location not provided

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