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Motel business for sale in Armidale

  • Motel
  • Armidale NSW 2350
  • LEASEHOLD $650,000

54ml - Back In Business-new England Leasehold Motel - Restaurant & Bar

- Boutique Leasehold Motel in a picturesque New England City.

- This unique 3.5-star property is set on the historic grounds, built in the 1800's.

- 24 well-appointed rooms all on the ground floor suites, undercover parking is available for each.

- 60-seat fine dining restaurant with a bar that seats 15 guests.

- An opportunity to sublease the restaurant should you choose, may provide a solution for you if the food and beverage is not a compatible sector.

- 24 years remain on the lease.

- On track for $200k + NOP going forward.

- Modern 2-bedroom residence upstairs, with additional ground floor large living.

- A brilliant commercial opportunity to capitalise whilst creating a business lifestyle within this stunning accommodation, dining, and function centre.

- The quality and reputation of this property's restaurant, bar and group celebration ability is unrivalled in town.

- This an exceptional Motel business with an excellent history and standing in the community.

- The industry has experienced some obvious difficult periods, with bushfires and COVID -19. Though, this prospect is proving to be a very resilient, bouncing back impressively with current secure long term and future bookings.

Turnover: $781,871 for 2020/21 expected

Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.

Property ID: 54ML (quote when enquiring

Property Code: 3761

James Carrick
Tourism Brokers
James Carrick
Tourism Brokers

Business Highlights

Business ID2016960539
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Category
Last updated  26 Apr 2021
Map for Armidale NSW 2350
Map for Armidale NSW 2350Armidale NSW 2350
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James Carrick
Tourism Brokers
James Carrick
Tourism Brokers

Business Highlights

Business ID2016960539
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  26 Apr 2021
Tourism Brokers
170 Scarborough St Southport QLD 4215
James Carrick
Tourism Brokers
James Carrick
Tourism Brokers

Ask James Carrick about this business

James Carrick

James Carrick

Tourism Brokers

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0498 965 005
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