1256MF - Strong Freehold Motel in Regional City!
• Don't Miss This One!
• A Freehold Motel to sell a Lease off and have passive income
• Strong Turnover in excess of $600,000
• Minimal Food and No Cooking!
• Combination of Motel Units and Apartments - all ground floor!
• Great position with open outlook
• Comfortable 3 bedroom residence
• Located in Tamworth, one of NSW most prosperous Regional Cities
• Make it yours - contact us now for further details!
This presents as a real opportunity to buy a good size Freehold and sell off a Lease and secure passive income for your retirement.
It offers 14 Motel units and 6 two-bedroom Apartments and has a strong Turnover in excess of $600,000 essentially in Accommodation. The current owners do no cooking and only provide a continental breakfast.
The property is well positioned with a lovely, open outlook across sporting fields to the CBD, and the hills of East Tamworth.
Tamworth is one of Regional NSW's growth centres and has a very strong and diversified Commercial base. It's the home of Country Music and has the internationally acclaimed Equine Centre.
The Motel has a very solid core of repeat business, offering a good range of accommodation for its guests. Add to this a very comfortable three-bedroom residence and you have a Motel that is well worthy of your inspection.
Net Profit: $400,000 plus expected for 2017/18
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1256MF (quote when enquiring)
Location: Tamworth is a dynamic, modern and progressive city and a major regional service centre with an easy going lifestyle and a strong economy. Manufacturing, health and community services, education, logistics, wholesale trades, food processing and tourism and hospitality provide a solid economic base for the city. Retail is the biggest employer, and there's a strong base in property and financial service sectors, aviation and construction. Agriculture generates significant economic activity, and so does the Australian Equine and Livestock Events Centre.
Tamworth is a vibrant, easy going place, a top Evocity where the lifestyle means work isn't such a hard stretch and there's plenty of time after work to play sport, play with the kids or just take it easy. Salary rates in regional cities like Tamworth are comparable to Sydney salaries, if not better for many career sectors - but the biggest bonus is in the work/life balance. You get to enjoy it more as a result of lower housing costs, less time travelling to and from work and improved cost of living. There are a lot of reasons why the Tamworth region is attracting people and businesses. People are attracted to the lifestyle, the healthy environment, a vibrant retail sector, excellent sporting facilities and many employment opportunities.
Property Code: 2788
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -