Sold

633ML - Outstanding Leasehold Property

SOLD

2.00 ha

A substantial turnover, improving after refurbishment has added value to this business.
Central location within the CBD of Hay this motel has it all.
A restaurant, currently used to cater for large groups, this motel has room to spare.
42 rooms offer a significant opportunity to cater for the bus trade.
Still plenty of room for improvement.
Easily operated by a couple with casual staff.

Net profit $178,119 expected for 2017/18

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

Property ID: 633ML (quote when enquiring)

Location: A friendly rural community, Hay is situated on the picturesque Murrumbidgee River, about halfway between Sydney and Adelaide and just over 400 kms from Melbourne.

Hay is a progressive and proactive community with agriculture the main base of the economy but in recent years the community has embraced tourism. This diversification has created a range of employment and business opportunities in the private and government sector. The community's diversification into tourism has also seen new opportunities in the hospitality and retail sector. A number of new businesses have established themselves in Hay during the past few years, obviously realizing the potential of the region.

Hay Shire Council has welcomed a decision by New South Wales' Department of Planning and Environment approving the development of a major solar farm in the region. The $150 million Hay Sun Farm is to be constructed approximately 6 kms north-east of the township and an average of 100 full-time equivalent jobs will be created during construction and up to five full time positions during the operational stage of the project.

Price SOLD
Location Hay
Property ID 633ML
Category Motel

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