21 Room Leasehold Motel And 50 Seat Restaurant With New 30 Year Lease - 1p5469m

Business For Sale Coonabarabran, New South Wales 2357

Business Category Motel

Leasehold $250,000

Description

21 Room Leasehold Motel And 50 Seat Restaurant With New 30 Year Lease - 1p5469m

CRE Brokers are pleased to be appointed exclusive agents for the sale of Azalea Motel in Coonabarabran. This is an outstanding and profitable 21 room Motel in a very consistent inland town approx. 90 minutes from Dubbo the heart of Central West NSW .

With increasing projects and marketing from Destination NSW driving regional and inland tourism campaigns, visitation will continue to grow presenting a grand opportunity to prosper from this quality Leasehold Motel. There is literally nothing to spend on improvements and there are many benefits that flow from having the security of a new 30 year lease with a low rent to sales ratio.

This Motel has achieved consistent revenue growth over consecutive years which is set to continue with the increase in regional tourism backed by Tourism NSW promoting Western NSW as well as:

. Mining Activity
. Sporting & Cultural Events
. Tourist travelling via inland roads
. Regular Visiting industry experts located in capital cities

NOTE : Final settlement can be negotiated to late 2022

Motel Information

  • Restaurant Facilities
  • Liquor Licence
  • Restaurant
  • Lease: -
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:NSW - Central & North West
Contact Seller

Bsale ID: 572703
Broker REF: 1P5469

CRE Brokers
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