» »
1541ML - Low Priced New England Leasehold

TENTERFIELD NSW, 2372

For Sale

Property for Sale in TENTERFIELD NSW, 2372

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11308990
Status:
Active
For:
Sale
Price:
Leasehold $300,000
Last Updated:
19/01/2020
Icon building

Property Type

Hotel/Leisure
Icon square

Land Area

2000 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

1541ML - Low Priced New England Leasehold

- Small price tag, big opportunity!

- 18 exceptionally presented ground floor units

- Low maintenance, easily operated

- Plenty of upside for the motivated, IT minded operator

- Comfortable 32 bedroom residence

- Contact us now for further details.

It offers 18 exceptionally maintained ground floor units with plenty of opportunity to gain and a spacious three-bedroom residence. The current Freehold owner is offering a new 30-year Lease with attractive terms. With the use of more internet and social media presence, the new tenant would benefit immediately.

There is a substantial amount of roadwork commencing in the area. The contractors have started work on the Bolivia Hill upgrade on the New England Highway. The total cost is $80 million and approximately 200 people will be working on the project for two years. The contractors have begun the preliminary ground work and work on the bridge construction will begin shortly.

The current owner has implemented a number of cost saving instruments which have significantly improved the profitability of the Motel. These include a 9.9kw solar power system, new motel laundry and a recirculating system for the hot water system.

It's an easily operated Motel with plenty of upside. Make it yours!

Net profit $99,134 for 2016/17 (as per accountant P&L)

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1541ML (quote when enquiring)

Location: Tenterfield, 715 km north-east of Sydney and 275 km south of Brisbane, is an untouched, well-renowned historical district surrounded by spectacular bush lands, Tenterfield enjoys mild alpine summers, sunny winter days and crisp winter nights, blazing red autumns with stunning tree lined roads and bright wildflower springs.

Tenterfield is the major centre of the region, and is surrounded by the villages of Drake, Jennings, Legume, Liston, Torrington and Urbenville. This is a growing town in which the population has increased by 10% over the past 12 months. The current population is 3,500.

The Tenterfield area is devoted to sheep and cattle though orchards, farm crops, a silica mine and a growing tourism sector all contribute to the local economy. Tenterfield is very popular with sporting groups - bowls, tennis, golf, football and so on. The local 18-hole golf course is among the best in rural NSW.

Property Code: 2817

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


More properties from Tourism Brokers
Sold
BALLARAT CENTRAL VIC, 3350

BALLARAT CENTRAL ...

Hotel/Leisure
For Sale
TENTERFIELD NSW, 2372

TENTERFIELD NSW, ...

Hotel/Leisure
For Sale
BOWEN QLD, 4805

BOWEN QLD, 4805

Hotel/Leisure
For Sale
YOUNG NSW, 2594

YOUNG NSW, 2594

Hotel/Leisure
For Sale
TOWNSVILLE CITY QLD, 4810

TOWNSVILLE CITY Q...

Hotel/Leisure
For Sale
CRESWICK VIC, 3363

CRESWICK VIC, 3363

Hotel/Leisure
More properties from Tenterfield
For Sale
369 Rouse Street, TENTERFIELD NSW, 2372

369 Rouse Street,...

Retail
For Sale
TENTERFIELD NSW, 2372

TENTERFIELD NSW, ...

Hotel/Leisure
For Sale
TENTERFIELD NSW, 2372

TENTERFIELD NSW, ...

Hotel/Leisure
For Sale
TENTERFIELD NSW, 2372

TENTERFIELD NSW, ...

Hotel/Leisure
For Lease
7 Clifton Street, TENTERFIELD NSW, 2372

7 Clifton Street,...

Other
Sold
1-9 Manners Street, TENTERFIELD NSW, 2372

1-9 Manners Stree...

Industrial/WarehouseRetail
Loading...