ARCADIA MOTEL - FREEHOLD SALE! - Good Property Asset - Good established Business
This is an excellent opportunity to purchase a FREEHOLD Motel with good occupancy rate. Set on a large corner block, with good exposure, this successful Motel features:-
10 Rooms â€“ all with bathrooms and toilets, fridges, microwaves.
New fridges and new air-conditioning
Parking for cars for each room, plus additional parking space
New commercial kitchen
3/4 bedroom residence.
There is additional space on the land to build two more units (stca approval required), which will provide additional income.
The business has an average occupancy rate of 70-80% with many repeat customers and still further room to grow. Visitors include holiday makers, companies/corporate, business reps, Government department staff along with a good healthy tourist trade.
There is good potential to provide evening meals, as this is a regular request by our guests. This would provide an additional source of income.
Services such as Stayz, or lastminute etc, are not even utilised, as the business only has a basic website. New owner could easily improve on this, which will no doubt improve the occupancy rate.
Development of two further units - (approval would need to be sought).
Current owner of some 7 years is now looking to retire. New fridges, air-conditioning system and new kitchen are just some of the major refurbishments completed, ensuring that new owner will be off to a good start. It is the ideal business for an owner/operator, or husband and wife team. Investors could also consider and outsource management.
The Arcadia Motel is located in Goonellabah just far enough from the Bruxner Highway to be quiet and close enough to be seen and easily found. On the plateau above Lismore, Goonellabah offers a good central location to shops and the coastal towns of Byron Bay and Ballina. It is also conveniently located to the Southern Cross University.