Leasehold 4-Star Motel in Picturesque Wine Region

(no street name provided),Millthorpe NSW 2798

Leasehold price: $450,000 incl stock

BusinessSize: n/a
A buyer wishing to enter NSW's growing hospitality and tourism industry would do well to look at this boutique town centre motel in the Central Tablelands.

Millthorpe Motel is a AAA 4-Star rated 20 room motel built in 2008, with an excellent lease in place until 2043. The motel is located just 15 minutes from Orange, 20 minutes from Bathurst and 10 minutes from the Orange Airport. The picturesque and historic village of Millthorpe boasts restaurants, boutique shops, primary school, sporting facilities, pharmacy, medical practice and newsagency.

- Ideal husband and wife business - easily run by 2 people
- Single storey 20-room motel on approx 3000sqm
- Near-new Colorbond and brick buildings with Colorbond iron roof and brick wall partitions
- Rooms range from deluxe king rooms to loft apartments
- Rooms feature kitchenettes and ensuite bathrooms, TV, mini bar, hair dryer, tea/coffee making facilities, desk and more
- Free wireless internet access for guests
- Loft apartments also have a stove top and dishwasher
- Large chef's training kitchen and guest lounge with fireplace
- Masterchefs' Kate Bracks held classes here
- Quality fixtures and fittings throughout
- Fully trained staff assist with the office as required and service the rooms
- Lease expires 2043, rent $150,494 pa
- Services: Gas BBQ, split system air-conditioning, DD phones
- All linen hired
- Turnover: Jan/Dec 2015 - $368,796; 14/15 - $379,612; 13/14 - $466,618
- Owners selling due to health issues
Can I afford this property?

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Lot:40
Plan Type:DP
Plan:1124559

Millthorpe Suburb Information

 
 
Average Age
40 years
Population
1,109
Millthorpe Profile
Millthorpe Occupancy
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This listing has been viewed 2 times. It was first displayed on 19/10/16 and last updated on 09/12/16.