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Motel business for sale in Coonabarabran

  • Motel
  • Coonabarabran NSW 2357
  • SOLD - Price Withheld

1632ML - A Leasehold Motel That Ticks All The Boxes!

- 37 Units with Turnover in the mid $600,000's

- Showing a very healthy 37 % Return with attractive Rent ratio

- Long Lease Term

- 20 Units recently fully refurbished

- Walking distance to Bowls Club and Restaurant

- Great location on the busy Newell Highway

- Co-operative Landlord with Annual Rent Re-investment

- Contact us now for further details and to arrange you inspection!

This motel at Coonabarabran has got it all! It's a big 37 unit motel on the busy Newell Highway, within walking distance to a Bowls Club and Chinese Restaurant. The Turnover is consistently in the mid $600k's, there’s a long 26 years left on the lease and it has a very attractive rent to turnover ratio.

Th units present very well and there is a good mix to cater for all clientele. The landlord reinvests $5,000 annually to assist in maintenance of the property.

It's a Leasehold that deservers your closest attention, but don't delay - good properties like this are scarce!

Net profit $255,795 for 2017/18

Contact David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1632ML (quote when enquiring)

Property Code: 2820

Business Highlights

Business ID2014516814
Floor AreaAsk Business Broker
Category
Last updated  3 Dec 2018
Map for Coonabarabran NSW 2357
Map for Coonabarabran NSW 2357Coonabarabran NSW 2357

Business Highlights

Business ID2014516814
Floor AreaAsk Business Broker
Category
Last updated  3 Dec 2018

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