Yass, New South Wales
1536MI - Investment Motel Solid Nett Return with a Fresh Tenant and Growth Value Opportunity
SOLD
Business Description
- Fantastic Net return of 8% based upon price and rental
- Property you will be proud to own
- Solid tenants that want to be in the property for the long term.
- Established business that will grow under the new management
- Close to Canberra, part of a growing location and directly opposite a new subdivision and other developments
- Well below replacement value
- Exceptional opportunity
The business has some huge upside from food and conferences, currently operated as a B&B facility and trading over 73% occupancy. The new tenants have Hospitality and food backgrounds and will grow the business.
Previously run by a single operator with the support of staff; the new families who have the lease will add significant value to the property.
Exceptional and spacious 3 bedroom plus residence with private yard and space adjoining the front office and onsite commercial laundry.
An exceptional 30 room (28 units of various configurations, some with 2 or 3 rooms in addition to a 2 bedroom apartment and a 3 bedroom apartment). Some of the rooms are very spacious and well suited to families and the corporate market.
Currently a 3.5 star motel with high occupancy levels and quality fitout the standard and the trade will be increased.
The lease has in the order of 26 years to run, 5 yearly to market rent reviews, offers a superb opportunity to capitalise on the current lessee's work and drive the business even further. Last market review was completed in 2017.
Located with a short drive of the nation’s capital and only 3 hours from Sydney, the property presents exceptionally well with a wide corner frontage and 'country style' architecture. The property does get direct benefit from the overflow from Canberra and once meals are offered, this will grow.
Motel is the preferred destination in the area for commercial travellers, tourists and those undertaking business in Canberra. Significant capital projects are often being undertaken in the area which enhances the long-term occupancy potential.
If you are looking for a tenanted property that has a tenant with a busy motel in a prime location with a superb 3 bedroom residence and popular conference facilities then you simply cannot ignore this opportunity.
The layout and size of the property offers a number of benefits. With a stylish design, this property can be easily repositioned by the tenants and cater for a number of markets that the property does not currently cater for. This is your opportunity to stamp your authority, create your vision and share from a revitalised business.
Annual Rent: $248,618 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1536MI (quote when enquiring)
Location: Yass is a progressive town with excellent educational, medical, aged care, sporting and recreational facilities. Because of its proximity to the ACT, Yass residents also have easy access to work and education opportunities in Canberra whilst enjoying living in a country environment. With its landscaped streets and restored heritage buildings, Yass is a charming and vibrant town. Good shopping and intimate cafes complement the historic attractions and the area's natural beauty. There are many attractions and retail opportunities in Yass town to keep you busy and some lovely villages full of history and wonder to visit as well.
Property Code: 2738
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Fantastic net return of 8% based on price and rental, making it a solid investment opportunity.
2. The property is well-maintained and will be a source of pride for the owner.
3. The current tenants have a long-term commitment to the property, providing stability and potential for growth.
4. The business has already been established and has potential for further growth under new management.
5. Located in a growing area, with new developments and a new subdivision directly opposite the property.
6. The property is priced well below replacement value, making it a great value opportunity.
7. The new tenants have backgrounds in hospitality and food, which will add value to the business.
8. The property includes a spacious 3 bedroom residence with a private yard and commercial laundry.
9. The motel has 30 rooms, including various configurations and apartments, making it suitable for families and corporate travelers.
10. The property is currently a 3.5 star motel with high occupancy levels, but there is potential for improvement.
11. The lease has 26 years remaining and offers market rent reviews every 5 years, providing a long-term investment opportunity.
12. Located near the nation's capital, the property benefits from overflow from Canberra and has potential for growth with the addition of meals.
13. The property is popular with commercial travelers, tourists, and those conducting business in Canberra.
14. The area has ongoing capital projects, providing potential for long-term occupancy.
15. The property has potential for repositioning and catering to different markets under the new tenants.
16. Annual rent for the property is $248,618 plus GST.
17. Yass is a progressive town with excellent facilities and easy access to Canberra.
18. The town has a charming and vibrant atmosphere, with historic attractions and natural beauty.
19. The property is close to shopping, cafes, and other attractions in Yass and surrounding villages.
