CENTRE TOWN AFFORDABLE LEASEHOLD MOTEL WITH PLENTY OF UPSIDE ! - ID 524ML

REDUCED LEASEHOLD $295,000

1,972 m2
  • Major price reduction, motivated vendors!
  • Significant amount of rooms have been out of service for upgrades, expect large Turnover growth when these rooms come back online.
  • With a small investment expect high profit growth for an energetic new operator.
  • Continual upgrades have the property presenting well and ready to deliver returns.
  • Moteliers need rooms to drive revenue, we have this here!
  • 29 ground floor units.
  • Genuine bed and breakfast Motel.
  • Excellent location, centre of town, just off the Newell Highway.
  • Walk to local restaurants and pubs
  • Spacious two-bedroom residence.
  • Located in a strong central west town.
  • Sporting town, regular events to drive revenue
  • A Long Lease and Priced to sell
  • Contact us now for further details!

Net profit $128,558 for 2018/19 - Expect significant improvement with the recent refurbishment

Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.

Property ID: 524ML (quote when enquiring)

Location: The township of Forbes, situated on the Newell Highway and on the banks of the Lachlan River in the heart of the rich Lachlan Valley, is fast becoming popular with those seeking a 'tree-change'; drawn to the region by economic benefit and lifestyle opportunities.  Services: Forbes' unique culture is a fusion of heritage past and modern lifestyle, with art and craft, art galleries, boutique shopping, concerts, distinctive local dining options, historical hotels and museums, a diversity of special interest groups, great schools, affordable real estate, plus an exciting local events calendar featuring annual festivals dedicated to jazz, camel racing, picnic racing, the bushranger Ben Hall, heritage conservation and more.

Price REDUCED LEASEHOLD $295,000
Location Forbes
Property ID 524ML
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