526ML - 14 Rooms plus 4 Bedroom Residence
* Great Location, just off the Highway and walk to pubs, clubs and restaurants
* New 30 year Lease
* Year on Year Sales growth
* Solid return
* Prosperous Central West town
After 17 years the current owner has now decided it's time to retire. All the hard work has been done and the rooms and motel grounds are in tip top condition.
This property is one of the best designed motels we have available. The guest reception is adjacent to the residence lounge which overlooks the sealed motel car carpark. Due to the layout this motel has an ease and efficiency of operation and is a pleasure to inspect.
Net profit $121,227,915 for 2016/17 (2017 Financial year sales have been impacted by the extensive flooding of the Newell Highway in September 2016. Sales are now tracking back in line with 2016 levels.)
Contact Peter McHugh from Tourism Brokers for further information or to arrange an inspection.
Property ID: 526ML (quote when enquiring)
Location: The township of Forbes, situated on the Newell Highway and on the banks of the Lachlan River in the heart of the rich Lachlan Valley, is fast becoming popular with those seeking a 'tree-change'; drawn to the region by economic benefit and lifestyle opportunities.
Forbes' unique culture is a fusion of heritage past and modern lifestyle, with art and craft, art galleries, boutique shopping, concerts, distinctive local dining options, historical hotels and museums, a diversity of special interest groups, great schools, affordable real estate, plus an exciting local events calendar featuring annual festivals dedicated to jazz, camel racing, picnic racing, the bushranger Ben Hall, heritage conservation and more.
Forbes' historic town centre is home to a unique mix of boutique stores plus familiar brands and a department store. You'll also find all the major services including health, finance, hardware and automotive just to name a few. Forbes is gaining a reputation as a boutique shopping capital and with a distinctive range of quality locally owned stores it is easy to see why. Be tempted by a unique mix of locally owned boutiques plus familiar brands, department store shopping and all the major services.
Property Code: 2453