Looking to enter the motel industry or even expand your portfolio? Then this motel presents exactly that. This 'retro' motel is iconic to the area with its cool decor and has even been under strong demand for music videos and fashion photography.
The property comprises 22 rooms, all on ground level, an outdoor saltwater pool and free onsite parking. With the impact of fires and the pandemic affecting the business in the last three years, it is now bouncing back to Pre-Covid-19 figures and is growing in occupancy daily. Given its association with Budget Chain and affordable rates, it is the perfect accommodation option for both corporate and leisure guests wanting to keep to a budget in a high-priced Newcastle location.
With 12 years on the lease, it is priced accordingly so act now and contact for further information.
- Situated in thriving Newcastle
- Long-standing staff in place to assist transition
- Motivated vendors and ready for retirement
- Close to shops, schools and restaurants
- Unique, 1960s retro property with original decor, bathrooms and fittings
- Surrounded by sporting fields, university and major hospital
- Property inspections are by appointment only
