Taree, New South Wales

Leasehold $560,000

Property Description

Well Presented NSW Mid North Coast 20 Unit Leasehold Motel 29.5yr Lease - 30962L

The Marco Polo Motor Inn is an excellent opportunity for an experienced management couple to operate this 20 unit Motel to its full potential or someone new to the industry to take advantage of this very well appointed motel.

This Motel is designed for ease of management from the central Reception which has access to the 20 seat dining room, the Commercial Kitchen and the large 3 bedroom Residence.

The Marco Polo Motor Inn presents very well throughout with very low maintenance issues.

Also Ideal for group bookings with a spacious riverside BBQ area, access from the River can also be obtained from the well constructed Jetty.

Situated less than 1km from the main town centre on the main road into Taree from the north, this is one of the premier motels in the area.

The current owner has decided to move on due to family circumstances, which allows new owners to purchase a very good opportunity.

Net profit 2016/17 of $177,432 (31.7% return) projected.

A must to inspect.

Property Summary

Motel Information

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

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:NSW - North Coast

Marketing Agent


Marketing Agency

CRE Brokers

CRE Brokers

CRE Brokers

Peter Dorahy
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Taree, New South Wales 2430 Exact map location not provided

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