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115-117 Barwan Street
Narrabri NSW 2390
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Sold on 13 Aug 2021

115-117 Barwan Street Narrabri NSW 2390

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

EXCEPTIONAL MOTEL FOR SALE - CLUB MOTOR INN, NARRABRI - NSW NEW ENGLAND AREA - BUSY NEWELL HWY LOCATION

Description: The Club Motor Inn, Narrabri is a near new motel in excellent condition, beautifully presented and very well located. This property is further enhanced by government approval of major projects in the area which will boost the already vibrant economic activity and greatly enhance accommodation demand.

Star Standard: 3.5 to 4 Star

Construction: Predominantly single storey with part two storey. Attractive brick and rendered facade, with brick veneer walls and colorbond roof.

Interior: Total of 30 medium to large well furnished rooms with ensuites. 2 Spa suites, 2 disabled suites.

Age: Officially Opened 24th May, 2008

Land Area: 4,413 sqm approx.

Tariffs: Deluxe Queen $130-145; Deluxe Twin $130-$145; Executive Spa Suite $170; Family $165-$175; Two Bedroom Unit $185

Chain Affiliation: No

Lease: No

Laundry: 2 commercial washers & 2 commercial dryers. Current operator is using laundry service for sheets and towels.

All Motel Units Have:
- Air Conditioning
- Ensuite Bathrooms
- Foxtel
- Flat Screen Television
- Bar Fridge
- Microwave Ovens
- Toaster
- Tea & Coffee Making Facilities
- Hair Dryer
- Iron & Ironing Board

Motel Facilities Include:
- Walkway to Bowling Club next door
- Inground Pool
- Outdoor Areas with Tables & Chairs
- Full Commercial Kitchen with Stainless Steel Fitout
- Laundry
- 62 Solar Panels on Roof
- Onsite Parking

Turnover: July 2020 to January 2021 $561,598; 2019/20 $916,502 (COVID-19 Affected); 2018/19 $1,074,416

Clientele: Business Travellers, Trade & Agricultural Workers, Tourists, Interstate Travellers.

Residence: 3 bedrooms, spacious and comfortable with balcony, own kitchen, separate bathroom and toilet, double garage

Comment: Rare opportunity to acquire a near new motel in a location with strong growth potential in the coming years.

While the business has been operated under management since construction, and has been a very profitable asset, there is considerable cost saving to be made by an astute hands-on operator.

This property presents an opportunity to purchase a quality building and business with strong potential as either an owner operated business or a managed investment with a solid return.

For Sale by Expression of Interest.

Under Instruction from Alan Hayes (of Hayes Advisory), Deed Administrator of Narrabri Bowling Club Ltd (Subject to Deed of Company Arrangement).

MQ Property ID:
6360599

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Manenti Quinlan & Associates
Manenti Quinlan & Associates
Suite 101, Level 1,
Burwood, NSW 2134

Property Highlights

Date Sold13 Aug 2021
Floor Area1 m²
Land Area4,413 m²
ParkingOn site parking available
Property ID2016884418
Category
Last updated  17 Aug 2021
Map for 115-117 Barwan Street Narrabri NSW 2390
Manenti Quinlan & Associates
Manenti Quinlan & Associates
Suite 101, Level 1,
Burwood, NSW 2134

Property Highlights

Date Sold13 Aug 2021
Floor Area1 m²
Land Area4,413 m²
ParkingOn site parking available
Property ID2016884418
Category
Last updated  17 Aug 2021

Listed by

Ray Larkin
Ray Larkin
Manenti Quinlan & Associates
Call
0407 220 116

More about 115-117 Barwan Street Narrabri NSW 2390

115-117 Barwan Street Narrabri NSW 2390 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1 m² and a land area of 4,413 m². The listing ID for this property is 2016884418.

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