564MF - Freehold Motel under $1M Worth Considering
Good motel town at junction of two highways
Motel has 17 rooms of varying configurations
3 bedroom residence with fenced outdoor area
Growing occupancy and profits
Plenty of parking on 2,640m2 block
Minimal external work
Loads of potential - ask me how!
Whilst being just off the highway this 17 room property still has great access and exposure. The motel is centrally located opposite the police station and within easy walking distance of the main street, cafes, two hotels, McDonalds and KFC.
Besides the large land content and future value, this property is producing far from its capabilities. The motel currently uses no online booking agents. This alone would create far more pre-bookings and immediate growth. Add to this a makeover and new owners could reap the rewards of a job well done.
The long term present owners are looking to retire and are offering their motel to a working couple or family keen to enjoy country living.
Turnover: $282,255 for 2016/17
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 564MF (quote when enquiring)
Location: Glen Innes is situated amidst rolling countryside on the Northern Tablelands of NSW, 624 km north-east of Sydney. It has a current population of 6,250 people. The local economy is based principally upon agriculture and tourism.
The town is known for its fine parks which are especially attractive in autumn. Glen Innes has numerous arts, craft and collectables shops. Fishing, fossicking and horseriding are also popular ways to enjoy the scenic environs.
The town's annual celebrations include the Pastoral and Agricultural Show in February, the Australian Celtic Festival in May, Minerama in September, the Australian Bush Music Festival in October, the Land of the Beardies Bush Festival in November and Gourmet in the Glen. The town markets are held on the second Sunday of the month in Grey St and, in summer, on the third Sunday at Red Range Sports Grounds.
Property Code: 2440
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -