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  5. 667MI - A Quality Motel, Halfway Between Sydney and Adelaide

HAY NSW, 2711

Sold
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Property Sold in HAY NSW, 2711

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11361225
Status:
Sold
Last Updated:
08/01/2020
Price:
SOLD
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Property Type

Hotel/Leisure
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Land Area

11231 SQM
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Floor Area

1 SQM
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Parking

N/A

667MI - A Quality Motel, Halfway Between Sydney and Adelaide

- Corporate executive property in profile position.

- Near the crossroads of the Cobb Highway and Mid-Western Highway.

- 35 ground floor rooms - all rooms including bathrooms have been updated and refurbished.

- 60 seat restaurant/conference centre and fully equipped large commercial kitchen.

- Well established.

- Rated No 1 on Trip Advisor.

- 8% Return on Investment.

- Passive Freehold Investment

Opportunities like this are rare and with a series of multi-million-dollar solar farms to commence construction in 2019 this is a real opportunity. The existing owners have held the business for in excess of 10 years and a new lease is being created with a corporate tenant.

An oasis of modern accommodation halfway between Sydney and Adelaide. This spacious property has it all after a long drive. Good food and quality accommodation are the minimum standard when you stay.

This business will not last long. Call for an inspection today.

Annual Rent: $255,000 plust GST

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 667MI (quote when enquiring)

Location: A friendly rural community, Hay is situated on the picturesque Murrumbidgee River, about halfway between Sydney and Adelaide and just over 400 kilometres from Melbourne. Hay is a progressive and proactive community with agriculture the main base of the economy but in recent years the community has embraced tourism. This diversification has created a range of employment and business opportunities in the private and government sector.

Hay's geography, climate and environment are conducive to a range of agricultural and pastoral activity. The Hay Shire is well known for its Merino sheep and wool industry as well as producing a diverse range of commercial crops such as rice, corn, cotton and wheat. Irrigated horticultural land produces lettuce, rockmelon, broccoli, grapes and garlic. Hay is centrally located to transport this produce to markets in Sydney, Melbourne, Adelaide and Canberra. The potential to value add in the horticultural industry is extensive.

Property Code: 3231

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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