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NICHOLAS ROYAL MOTEL HAY, NSW

Price: $595,000

Ballarat Central, Victoria

NICHOLAS ROYAL MOTEL HAY, NSW

Well-presented motel for private sale leasehold....

The Nicholas Royal Motel offers 16 units with potential to expand, comprised of King, Queen, Twin and Family rooms. All rooms come with bed lifts, microwave and reverse cycle a/c and offer free WI-FI and FOXTEL. 11kw solar system in place, significantly reduces electricity bill. The motel features a large pool and bbq area with a newly refurbished children's playground. A large, backyard parking area can house many cars and larger vehicles, and a dedicated car wash area is available to guests. The motel also comes with a well-appointed 3 bedroom owners accommodation.

There is a long lease in place with 25 years remaining. Current owner has operated motel for 8 years with current annual turnover at $486,582.

Motel is well situated in the popular Murrumbidgee River town of Hay, enjoying great exposure with Cobb Highway frontage.

Hay is a friendly rural community and popular tourist destination and stopover, approx halfway between Sydney and Adelaide and just over 400 kilometres from Melbourne.

Price: $595,000

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Last updated: 8th October 2016

Summary

Property Type
Business
Contract Type
For Sale
Location
 Ballarat Central
State
 Victoria
Price
Price: $595,000
Category
  • Motel

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Agency

Coast to Coast Media

Contact

Courtney Dean

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