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Motel leasehold 29 year lease. Just re-furbished. 21 rooms.

$298,000

  • ID Ref 5958
  • Suburb Tamworth
  • State NSW
  • Status For Sale
  • Motel leasehold 29 year lease. Just re-furbished. 21 rooms.

Business Description

Tamworth is a famous Australian town that you will grow to love and call home.
A very friendly town that is Australia’s country music capital and has it all: world-class music, delicious food and wine, fascinating heritage and thrilling rodeo.
Tourists visit here all year round.
This Motel is ideally located near Tamworth CBD, Tamworth Equestrian and Sports Centres, restaurants, clubs and sporting fields.
Many people buy a motel, and then have to spend another $100,000 plus - getting the motel to a reasonable standard.
This motel has had extensive renovations over the last year and is in magnificent condition.
The vendors have done a great job and are very proud of the quality of our accommodation at the Tamworth Central Motel.
All of the rooms are well appointed and spotlessly maintained.
The motel has 21 rooms and a beautifully landscaped swimming pool area and gardens.
Currently mainly doing continental breakfast but has the capacity for more, if new vendors choose.
Very long lease of 29 years.
Opportunity to now concentrate and spend time and effort on marketing as the motel has just been re-furbished.
The motel has just been awarded the 2019 Certificate of Excellence by Trip Advisor.
An inspection will impress on the quality of the motel, and huge opportunity to increase occupancy of 48% currently.
This motel will only be suitable for cash buyers and those who will get involved in social media and further online marketing.
Please quote MSA 5039 and call Michael now on 0400 645 133 - or submit an enquiry.

Business Features / Snapshot

Your Business Broker

Michael Keltie

Business Location

Tamworth, New South Wales 2340