SCONE NSW 2337
Reduced $580,000 Leasehold
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- 23 Nov 2016
1184ML - Upper Hunter Leasehold Motel - Proven Performer!
- Very consistent money earner.
- 24 refurbished ground floor units.
- Great location with strong, diverse econonmy.
- Bar and Restaurant for in-house guests.
- Your inspection highly recommeded.
- Contact us now for further details.
You can't beat the diversity of the Hunter! This Leasehold Motel has been a strong performing Motel over many years and offers 24 well maintained 3.5 star ground floor units, which have undergone substantial refurbishment in the last 2 years.
With average Turnover in the high $700's, and 80% of this in Accommodation, it's a very profitable business. It offers a Restaurant and Bar area which essentially caters for the in-house guests. It has an attractive rent ratio and long lease, and a spacious three bedroom residence upstairs of reception, which has also been recently refurbished. It's a great opportunity - Make it yours!
Net profit $193,450
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property Id: 1184ML (quote when enquiring)
Location: Scone is a charming country town situated in the delightful upper reaches of the Hunter Valley, 269km north-west of Sydney on the New England Highway, north-west of Muswellbrook.
The commercial and administrative centre of a pastoral, agricultural and dairying shire Scone is an important stock-selling centre noted for its horse and cattle studs. It is known as 'The Horse Capital of Australia' and claims to be the second-largest horse breeding area in the world, after Kentucky in the United States.
Visitors to the area can experience the vitality of the history and heritage of Scone, Morpeth and Nundle as they travel through a land of enterprise and beauty. Scone is the perfect base for visiting attractions such as Belltrees Country Estate, Middlebrook Station, Barrington Tops, Horse Studs, Bayswater Power Station and Wineries and also the attractions of the Lower Hunter region, Tamworth and Nundle. All these attractions are within 1.5 hours from Sydney.
Property Code: 1091
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