BLUE-CHIP CORPORATE AWARD WINNING LEASEHOLD MOTEL - ID 1254ML

LEASEHOLD $935,000

2,290 m2

Winner - 2022 Choice Hotel's 'Quality Hotel of the Year'.
Fully refurbished 4.5 star motel - no major investment required long term.
A secure, long lease term.
Major regional NSW hub with strong Corporate trade and solid weekend leisure bookings.
Successful Franchise affiliation in 2019 with CHOICE hotels facilitated significant uplift in Corporate travel bookings and improved ADR.
Currently trading 30% ABOVE pre-COVID performance (6 months to July 2022). Outstanding recovery following lifting of travel restrictions.
Prime location close to CBD.
F&B run by current owners at less than 10 % turnover, deliberately. Significant opportunity exists for new ownership to develop this income stream, with recent restaurant/kitchen refurbishment.
Excellent return on investment 31% (12 months to July 2022 with 4 months including COVID EFFECTED trading). Expect 35%+ with normalised trading conditions.
Genuine sellers who are looking to exit industry to fulfil other commitments.
Contact us now for futher details.

Tamworth is a dynamic, modern and progressive city and a major regional service centre with an easy-going lifestyle and a strong economy. Manufacturing, health and community services, education, logistics, wholesale trades, food processing and tourism and hospitality provide a solid economic base for the city. Retail is the biggest employer, and there's a strong base in property and financial service sectors, aviation and construction. Agriculture generates significant economic activity, and so does the Australian Equine and Livestock Events Centre.

There are a lot of reasons why the Tamworth region is attracting people and businesses. People are attracted to the lifestyle, the healthy environment, a vibrant retail sector, excellent sporting facilities and many employment opportunities.

Net Profit: $325,249 for 2020/21

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

Property ID: 1254ML (quote when enquiring)

Price	LEASEHOLD $935,000
Location	Tamworth
Property ID	1254ML
Category

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
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Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

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