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944ML - This Hunter Valley Leasehold Motel Continues to P...

MUSWELLBROOK NSW, 2333

For Sale

Property for Sale in MUSWELLBROOK NSW, 2333

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11293600
Status:
Active
For:
Sale
Price:
Reduced Leasehold $725,000
Last Updated:
25/06/2020
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Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

944ML - This Hunter Valley Leasehold Motel Continues to Power On!

- This Low Maintenance Motel continues to perform well!

- Sales growing in excess of $600,000.

- 12 motel rooms plus 3 x 2 Bedroom Apartments and 1 x 3 Bedroom apartment.

- Ease of operation, brick and tile construction, concrete driveways.

- No restaurant, within easy walking distance to dining options.

- High profile location, excellent street appeal.

- Property is currently run under management.

- 18 years remain on the lease from July 2020.

- Very attractive Rent to Net Profit Ratio.

Owners Comments 29/04/2020: Hi David, As I mentioned on the phone we are about 18-19% down for March and April due to Coronavirus. We have however steady bookings for May and are getting some strong bookings for after the middle of the year. Thanks.

Net profit $281,126 for 2018/19

Contact David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 944ML (quote when enquiring)

Location: Muswellbrook is a substantial and very attractive country town of historic buildings and tree-lined streets situated beside the Hunter River, 257 km north of Sydney and 26 km south of Scone. It is an expanding centre due to the employment opportunities provided by the eight coalmines in the district, the presence of the Liddell and Bayswater Power Stations and a flourishing wine grape industry.

With a district population of 16,000 Muswellbrook is not just another country town. Boasting excellent, delightful restaurants, a busy and diverse commercial centre, up-to-date health and education facilities, as well as abundant sporting facilities, Muswellbrook really is the ideal location for residents and visitors to work, rest and play.

Muswellbrook and district features a very successful blend of agriculture, commerce and industry. Power generation, coal mining, horse studs, wineries, dairying and agriculture all provide a sound economic base for the area, as well as the prospects for continued growth in the future.

Property Code: 2637

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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