46ML - Leasehold B&B Motel - Extremely Well Built and Presented
- 15 well-appointed rooms.
- Undergone extensive improvements over the past few years.
- 3 bedroom residence.
- 4,439 sqm high visibility site, on the southern (Sydney) entrance to Armidale.
- The current owners have just spent $14,000 installing a new high efficiency gas hot water system.
- Current occupancy 43% with more room for growth.
- Take control and be in charge of your own destiny.
This motel is positioned in the very desirable New England city of Armidale, which benefits from a strong education influence from the university, private and public schools.
The current owners have held the business for the last 16 years and it’s now time to make way for new owners.
Net profit $105,572 for 2017/18
Contact Peter McHugh from Tourism Brokers for further information or to arrange an inspection.
Property ID: 46ML (quote when enquiring)
Location: Armidale, with its unique blend of culture, state of the art technology, educational diversity and natural beauty is a city offering everything worth living for. Armidale is situated half way between Sydney and Brisbane and only two hours from the coast, it enjoys a warm summer, tones of amber during the autumn, a crisp winter and an exhilarating spring. An attractive and graceful city of tree-lined streets where new world cosmopolitan and old world pastoralism coexist. It is the major centre of the Northern Tablelands with a population of over 25,000.
The New England region is renowned for its world class fine wool and beef production, and Armidale is home to at least 14 different Cattle Breed Societies. The region is also developing a reputation as a producer of high quality wines.
Armidale has long been known as an educational and cultural centre. It is home to the University of New England and several private boarding schools. The city and surrounds are graced with elegant cathedrals, churches and pastoral homesteads, historic monuments, heritage buildings and fascinating museums and galleries.
Property Code: 3061
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -