Freehold Motel Narrandera

Business Sold Narrandera, New South Wales 2700

Business Category Motel

SOLD

Description

Freehold Motel Narrandera

Highly sought after freehold motel & business in the Wagga / Griffith area starting to show excellent trading figures again after a quiet 2019/ 2020 Situated on the junction of the Newell & Sturt Highways, incorporating 10 acres of well- established gardens & lawns, this 23 unit motel, Circa 1986 is in excellent condition. On an elevated block well away from traffic noise. Features a commercial kitchen & a guest dining room seating 40 – 50. The attached 2 BR residence is well presented with lounge, bathroom & office. The motel has its own water supply, town sewerage, large in ground pool, double color bond car & maintenance shed. All the rooms are air conditioned with large TV’s. 2018 bank valuation is available to substantiate the asking price. Some vendor terms may be available to approved purchasers. Federal government guaranteed loans are also available to SME for investment – contact your bank for details, Buy the freehold, we can sell the lease. Serious investors should inspect as freehold motels are in short supply.

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This business is somewhat unique and has no similar competition in this region, category or price bracket.


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Bsale ID: 562868
Broker REF: W 683

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