SOLD

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/

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

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

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

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

Expression of interest (EOI)

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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.

Property Code: 4148