1541ML - Low Priced New England Leasehold
- Small price tag, big opportunity!
- 18 exceptionally presented ground floor units
- Low maintenance, easily operated
- Plenty of upside for the motivated, IT minded operator
- Comfortable 32 bedroom residence
- Contact us now for further details.
It offers 18 exceptionally maintained ground floor units with plenty of opportunity to gain and a spacious three-bedroom residence. The current Freehold owner is offering a new 30-year Lease with attractive terms. With the use of more internet and social media presence, the new tenant would benefit immediately.
There is a substantial amount of roadwork commencing in the area. The contractors have started work on the Bolivia Hill upgrade on the New England Highway. The total cost is $80 million and approximately 200 people will be working on the project for two years. The contractors have begun the preliminary ground work and work on the bridge construction will begin shortly.
The current owner has implemented a number of cost saving instruments which have significantly improved the profitability of the Motel. These include a 9.9kw solar power system, new motel laundry and a recirculating system for the hot water system.
It's an easily operated Motel with plenty of upside. Make it yours!
Net profit $99,134 for 2016/17 (as per accountant P&L)
Contact David Head and Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1541ML (quote when enquiring)
Location: Tenterfield, 715 km north-east of Sydney and 275 km south of Brisbane, is an untouched, well-renowned historical district surrounded by spectacular bush lands, Tenterfield enjoys mild alpine summers, sunny winter days and crisp winter nights, blazing red autumns with stunning tree lined roads and bright wildflower springs.
Tenterfield is the major centre of the region, and is surrounded by the villages of Drake, Jennings, Legume, Liston, Torrington and Urbenville. This is a growing town in which the population has increased by 10% over the past 12 months. The current population is 3,500.
The Tenterfield area is devoted to sheep and cattle though orchards, farm crops, a silica mine and a growing tourism sector all contribute to the local economy. Tenterfield is very popular with sporting groups - bowls, tennis, golf, football and so on. The local 18-hole golf course is among the best in rural NSW.
Property Code: 2816
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -