This three star motel leasehold in one of the largest inland cities in NSW.
Consists of 36 rooms, a 45 seat licensed restaurant, cocktail bar and lounge, 4 function rooms and a huge fully fitted out, stainless steel commercial kitchen. The restaurant and function rooms are divided by concertina doors which, when open, will seat and cater for 200 guests.
Owner offering 60% finance @ home loan rates. [aprox. 6.5%] & has frozen rent for a minimum of 5 years.
$10.000 per year for 3 yrs. rebate off rates.
New owner is refurbishing the property, 11 bathrooms completed with another 11 to be started this year.
Owner will put a min. 10% of his rental income back into the property for improvements each year.
Current owners are also considering leasing out the restaurant which would off set some rent.
Located in one of NSW largest and most visited regional centres, it attracts a lot of attention from local and interstate visitors. Dormitory style bedding arrangements for large or small sporting, working or corporate, families, sleeps up to 60 people.
13 spacious and modern bunkrooms with individual split system air-conditioned comfort, modern conveniences and linen, TV Room with Austar, excellent common kitchen, Laundry and extensive disabled friendly male & female amenities. Incorporates 2 working squash courts, gallery. outdoor BBQ areas featuring 3 great full size beach volleyball courts with white beach sand.
Showing a big 43 % return at a very low entry price netting in excess of $2,000 per week.
21 units with plenty of upside
Consistent turnover around $300,000
Strong rural area, very attractive rent ratio
Get in now – you can’t lose!
Located at the gateway to the Hunter, 16 well presented units with wide frontage to the New England Highway