Leasehold Sale | $500,000 or best offer

Australian National Real Estate is pleased to offer this outstanding investment opportunity prominently located in Uralla, NSW

Very Well-maintained Motel, situated on expansive grounds, enjoys a devoted clientele. Featuring a single-level design with sturdy brick and tile construction, it offers enduring appeal. Offering remarkable value and promising growth opportunities, its prominent position along the New England Highway, in proximity to Armidale City, ensures optimal exposure and convenience for guests.

Website: https://altonamotel.com.au/

SALE TYPE: LEASEHOLD SALE (BUSINESS) | BRAND NEW 30 YR LEASEHOLD OPPORTUNITY

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Leasehold Sale of Altona Motel:

The new 30-year Lease is available, offering favourable rental terms for prospective tenants

Leasehold Price: $500,000 or best offer

Lease Options: 6 x 5 years (new 30-year lease from settlement)

Annual Rent: $75,000 (Plus GST & Outgoing)

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About Altona Motel:

- 16 ground-floor refurbished rooms

- Manager Residence: 3 bedrooms bath, lounge/dining, private yard and carport.

- Generous-sized family residences, varying from single to two-bedroom family units.

- Easy ground-level operation with no restaurant

- Great solid occupancy rate of over 53% with strong repeat guests.

- Easy to manage and most guests prefer - single-level accommodation

- Laundry facilities: On-site, heavy-duty commercial in new condition. 2 plus linen changes. Air-conditioning and heaters, parking in front of units. Fire-rated.

- The motel is under management.

- Immaculate presentation with outstanding value and great future potential.

- Clients repeat clientele and significant forward booking

Contact Las Widanage or Alexandra Visic to arrange an inspection or to discuss all this excellent property has to offer.

- For all enquiries, we will respond less than in 24 hours.
- Please note: Property inspections are by appointment only.

Australian National Real Estate may refuse to provide further information about the property should you prefer not to disclose your Full Contact Details including Phone Number.

*PLEASE NOTE: Open for Inspection Times and Property Availability are subject to change or cancellation without notice. Please refer to the listed inspection times. If no inspection time is available or you are not able to make the listed times please select Book an Inspection Time or Contact Agent and register your interest. We highly recommend registering for an inspection you are going to attend to avoid disappointment for cancellations. If you are registered to attend an inspection you will be notified via SMS if the inspection is cancelled.* Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property Code: 4148