HAY NSW 2711
Reduced $475,000 Leasehold
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- 29 Nov 2016
633ML - Outstanding leasehold property
A substantial turnover, improving after refurbishment has added value to this business.
Central location within the CBD of Hay this motel has it all.
A restaurant, currently used to cater for large groups, this motel has room to spare.
42 rooms offer a significant opportunity to cater for the bus trade.
Still plenty of room for improvement.
Easily operated by a couple with casual staff.
Net profit $187,321 for 2015/16
Contact Barry Bolwell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 633ML (quote when enquiring)
Location: The Hay Shire incorporates the town of Hay and the villages of Booligal, Maude and One Tree. Travellers will arrive in the Shire via the Sturt, Mid-Western or Cobb Highways which intersect at Hay. A friendly rural community, Hay is situated on the picturesque Murrumbidgee River, about halfway between Sydney and Adelaide and just over 400 kilometres from Melbourne.
Hay is a progressive and proactive community with agriculture the main base of the economy but in recent years the community has embraced tourism. This diversification has created a range of employment and business opportunities in the private and government sector.
Hay's geography, climate and environment are conducive to a range of agricultural and pastoral activity. The Hay Shire is well known for its Merino sheep and wool industry as well as producing a diverse range of commercial crops such as rice, corn, cotton and wheat. Irrigated horticultural land produces lettuce, rockmelon, broccoli, grapes and garlic. Hay is centrally located to transport this produce to markets in Sydney, Melbourne, Adelaide and Canberra. The potential to value add in the horticultural industry is extensive.
Property Code: 1546
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