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SOLD

152-182 Gunnedah Road, Tamworth, NSW 2340

Magnolia Motor Inn

The Magnolia Motel
This pristine and well run Motel is now operated by a second generation family member who has been in control of the business for the last three and a half years.
The Magnolia offers a wonderful opportunity to acquire this long established business in the growth regional city of Tamworth, New South Wales.
The Magnolia Motor Inn lies on the Gunnedah Road/Oxley Highway and is only a short drive to Peel Street in Tamworth's CBD. The Motel has great potential, including:-
Perfect business for a couple to run;
A serene and quiet location for weary travellers;
High transient turnover;
High occupancy rate;
Healthy profits;
Pet friendly;
Close proximity to Tamworth Regional Airport;
A storage shed accommodates two carports and a large covered area for tractor/machinery;
All units are spacious and air conditioned – refer to accommodation list
The Magnolia is situated on 4.47 hectres with a dam. With the current land size, there is potential for further extensions to the existing motel or the development of cabins - both subject to Council approval (STCA).
The Motel's residence has an upstairs with three spacious bedrooms, two balconies, a large combined living, dining and kitchen. Downstairs - reception a large kitchen and administration area plus a large living room which could be converted into an eat-in breakfast/café area – subject to Council approval (STCA).