Sold - Statesman Motor Inn

2 Edward Street, Corowa, New South Wales 2646

SOLD

Key Features

AI generated. Contact seller to confirm.

Twenty-six unit motel
Excellent corner street frontage
Range of rooming configurations
Commercial kitchen included
Manager's residence with three bedrooms
New lease term until 2058

Turnover: $530,000
Net Profit: Not disclosed
Rent/Lease: Lease in place
Stock Value: Included
Established: Not disclosed

Business Details

Business Category Motel

CRE Brokers are pleased to be appointed as the Exclusive Agency for the leasehold sale of the Statesman Motor Inn, Corowa. This well presented twenty-six unit motel is conveniently located only a short walk to Corowa's main street and the Murray river. The motel boasts an excellent corner street frontage to capture passing trade.

The Statesman Motor Inn offers a range of rooming configurations, consisting of twin, queen and family units and includes a commercial kitchen and comfortable three bedroom, two bathroom manager's residence.

The Motor Inn is an easy to operate motel- with no breakfast. The Motel will suit experienced operators or those new to the motel industry. With a healthy turnover of $530,000 in the 2023 financial year the business can be easily operated under management. Having entered into a new lease term in August 2023 with a below market rent of $90,000 per annum (exc GST) with further options until 2058, this opportunity is not to be missed!

Book your inspection today.