This business is a three star motel leasehold in one of the largest inland cities in NSW, consisting 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.

With 20+ years remaining on the current lease plus options, this motel enjoys an average annual occupancy above 50%, with about 90% corporate patronage. All units boast reverse cycle air conditioning, internet capability, Austar and direct dial telephones.

The motel itself boasts an in ground pool, guest laundry and outdoor BBQ facilities. Meals are delivered to units upon request. All town facilities are within a few minutes of this motel.

Employing four permanent staff (husband and wife owner/operators, receptionist and chef) and up to seven casual staff, this motel enjoys a healthy turnover exceeding $1 million p.a. and net profit around $248,000 p.a. Return custom is common with numerous community and corporate groups attending regularly for conferences.

Conveniently located midway between Melbourne and Brisbane makes this city an ideal stopover to break up the journey.

BREAKING NEWS

PRICE REDUCTION TO $675.000
Owner offering 60% finance @ home loan rates. [aprox. 6.5%]
Owner has frozen rent for min. 5yrs.
$10.000 per yr. 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.

Don't miss this once in a lifetime opportunity - CALL NOW !!!

(email for more information)

ASKING: $675,000