- 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
