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Armidale NSW 2350

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • For Sale, 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.

    - The business taking Circa $2,300 per day.

    - On track to net $250k plus this financial year.

    - 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: $845,709 expected for 2020/21

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

    Property ID: 54ML (quote when enquiring

    Property Code: 3762

    James Carrick
    Tourism Brokers
    James Carrick
    Tourism Brokers

    Property Highlights

    Property ID2016960547
    Floor Area1 m²
    Land Area4,000 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Virtual TourView Tour
    Category
    Last updated  24 Jun 2021
    Map for Armidale NSW 2350
    Map for Armidale NSW 2350Armidale NSW 2350
    James Carrick
    Tourism Brokers
    James Carrick
    Tourism Brokers

    Property Highlights

    Property ID2016960547
    Floor Area1 m²
    Land Area4,000 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Virtual TourView Tour
    Category
    Last updated  24 Jun 2021
    Tourism Brokers
    170 Scarborough St Southport QLD 4215
    James Carrick
    Tourism Brokers
    James Carrick
    Tourism Brokers
    James Carrick

    James Carrick

    Tourism Brokers

    0498 *** ***
    0498 965 005

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