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HUNTER VALLEY RENOVATED MOTEL WITH 30 YEAR LEASE&STRONG FORWARD BOOKINGS | Resort Brokers ID : LH008281
$990,000
Motel (Leasehold) hospitality, CESSNOCK NSW
ResortBrokers is delighted to bring to market the Cessnock Vintage Motor Inn, a charming two-storey motel nestled in the heart of the Hunter Valley Wine Region.
Its prime positioning, being the first motel people pass when traveling from the Neath/Kurri Kurri/Maitland areas, adds to its appeal.
The motel offers a secure and profitable opportunity and is currently demonstrating strong forward bookings. The incoming operator will reap the benefits from a booking already in place for 20 rooms rented out at $500 per week for the next 12 months.
The 23-room motel has recently undergone extensive renovations and refurbishments, providing the incoming operator with no initial outlay for works to be carried out. The hard work has been done, and the owners are looking for an outstanding operator to purchase a long-term 30-year lease to drive this business.
- Located close to the Hunter Valley and Pokolbin Vineyards
- 23-key motel catering to a wide range of accommodation needs
- Internal& externally renovated - no outlay
- Three-bedroom manager's unit on the ground floor
- Facilities include a outdoor pool, barbecue and firepit area
- Secured investment of a new 30-year lease
- Supportive Landlord
- Strong future revenue across next 12 months
- Inspection by appointment only
Date updated: 29 Dec 2024 22:00:02
More Information
- Total Purchase Price: $990,000
- Net Income: $ 305,931
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?