The Hillston Motel, Hostel and Shamrock Restaurant is a full-size multi-income stream operation. It offers up to 5 self-contained accommodation areas for manager/proprietor and staff, in addition to 14 motel guest rooms plus the more recently constructed 56 Hostel rooms including 29 single hostel rooms,14 bunk bedrooms and 13 Aladdin beds. The popular Shamrock Restaurant (seats approximately 80) is a well-presented licensed premises with competitive menus and a reputation for good food.
Hostel guests have a large-scale shared dining, cooking and washing amenities room
in addition to a generous off-street parking area. This is a good modern accommodation offering with a friendly shared atmosphere. Asset values for this offering, easily exceed $2.6M, and maintenance and energy demands are very low indeed. Automated booking systems have also been introduced.
Allow some time for this inspection, there is a lot to see!
Hillston (pop about 1,500) The town is a major grain and fruit producing area located on the banks of the Lachlan River. The town has established itself as a popular stop over point for tourists as well.
Asking: $3,700,000 Freehold Ex GST
Attention Investors! Lease back available at $240K p.a. + outgoings & GST
for up to 3 years ( 6.5% net)
