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Great Escape - Regional Hotel Motel Leasehold. Brilliant Hospitality Opportunity

$195,000

Melbourne, Victoria

Great Escape - Regional Hotel Motel Leasehold. Brilliant Hospitality Opportunity

NOTE THIS HOTEL IS LOCATED IN REGIONAL NSW.

The Royal Hotel Motel in Tenterfield is being sold to enable the seller's to retire.

The hotel has not traded since the beginning of Covid but still presents in pristine fashion as demonstrated in the attached photos, ensuring the new owner can take over and start trading from day one with minimum fuss.

In addition to the hotel there are 12 motel rooms and 19 Hotel Rooms available upstairs, offerings those looking to stay a choice of the level of accommodation best suits their needs.

The owner has been running the motel at arm's length having lived in Sydney, presenting a new owner enormous opportunities to grow with a large number of workers from out of the region working on projects in the region.

The motel rooms are first class, equal to around 4.5 star having been renovated and updated by the current vendor.

Included in the lease is a 3 bedroom lessee's residence. With a private backyard, laundry, fireplace, new carpet and a new kitchen, inc stove / oven and dishwasher.

There is also a drive-by bottle shop, Restaurant, Commercial Kitchen, Bistro & all-weather Beer Garden and a Hotel Managers Flat.

The Hotel- Motel is being sold with a 5 year lease Plus 5 x 5 Options. Rent when you consider the hotel and all the accommodation facilities is extremely good at $104,000 per annum - Plus GST.
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Important to highlight, all the required licences and permits are in place and can easily be transferred. the new licensee must meet all the liquor NSW criteria and complete RSA and Licensee Training.

Having made the decision to move on to retirement the owners are extremely realistic with the selling price, anticipating a good operator would expect to recoup their investment in a relative short time.

Serious inquiries only,

Extra photos supplied to interested parties.

$195,000

Peter Hurrell
peter@excelbbs.com.au- 0407 973 726

Note- You will be required to sign a confidentiality agreement before further information is supplied.

Features

Motel Information

  • Restaurant Facilities
  • Liquor Licence
  • Restaurant
  • Lease: -

Hotel Information

  • Restaurant Facilities: -
  • Liquor Licence: -
  • Restaurant: -
  • Lease: -

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Last updated: 21st May 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Melbourne
State
 Victoria
Price
$195,000
Category
  • Hotel
  • Motel

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Contact

Peter Hurrell