BATHURST NSW 2795
Reduced $1,336,000 Leasehold
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- 27 Apr 2017
2287ML - Yes This One Ticks all the Boxes With a Low Rent
Location and position are some of most important things to consider when buying a business and this motel has both. Turnover is still growing after current tenant has renovated and updated bathrooms.
It offer 31 rooms that are well-presented and maintained with the majority of the rooms on the ground floor. No restaurant as this motel as it has the perfect location near eateries, clubs and cafes and entertainment and shopping all within walking distance.
Offering a quiet night's sleep as it just off the main road, however, still very accessible. The residence is large so will provide plenty of room for a family run business if required.
Historical profit and loss figures will show that increasing the turnover will not be an issue. There is a long lease available too. With this type of potential I don't believe that it will be on the market long so if you are in the position to buy you will regret missing this opportunity.
Net profit $416,350 for 2015/16
Contact Warren Sweetman and Peter McHugh from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2287ML (quote when enquiring)
Location: The City of Bathurst is located on the central tablelands of NSW, around 207 kms west of Sydney by road. Australia's first inland settlement has much to offer the visitor all year round from gold rush to colonial history, farmstays and outdoor activities, shopping and festivals, to the world famous Mount Panorama.
Bathurst's main streets are a mixture of old and new, highlighted by the charming cast iron lamp posts adorning busy shopping centres. With a population of 30,663 Bathurst is one of Australia's fastest-growing regional centres. The raising of sheep, cattle and horses is still practised on large land holdings near the city. However, education is now the largest single industry. Other contributions to the local economy are made by fruit and vegetable production, a vegetable cannery, a fish processing plant, a pet food processing plant, and government and community services.
The City of Bathurst is virtually synonymous with motor racing, known throughout the world because of its challenging and picturesque motor racing circuit which is one of the top three in the world.
Property Code: 2055
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information