MOTEL ROYAL TARA 37 Stephens Street,BinalongNSW2584
$1,499,000 Plus GST (if any)
Located in the peaceful and historic township of Binalong is the famous Motel Royal Tara, and it could now be yours. After decades of providing outstanding hospitality to the locals and travellers passing by, the current and original owners are ready to retire and enjoy their twilight years. The lucky new owners will reap the rewards of a long established business that has without any form of marketing, for some years, produced a high and regular turnover. Imagine the possibilities for even greater profit once the new owners implement a marketing strategy to reach an even larger audience...!!! The motel offers 20 air-conditioned rooms that have been well maintained and updated as required. This means there are no large outlays required to keep the rooms at standard in the near future. Tara is set on an elevated block and with no stairs, is easily accessible to all.
The restaurant, famous far and wide for its simple but amazing food is regularly booked out weeks in advance and caters to the local clientele and regular tourist and club groups.
This great opportunity allows for a very easy handover to its new owners due to the motels tip top condition and regular clientele. Profit will be instant and as mentioned would no doubt drastically increase once a marketing program is put into place.
Binalong is located between Harden and Yass on Burley Griffin Way and is just 20 minutes to either town. Use the below links to learn more about this great little town. https://www.yassvalley.com.au/explore/towns/binalong/ http://www.aussietowns.com.au/town/binalong-nsw
- Motel facilities include: - 20 up to date guest rooms. - Main kitchen and two sub kitchens - Two function rooms - Grounds and facilities for marquee events - 50 seat Restaurant - Cool rooms - Ample car parking - 2 x 80,000 litre water tanks
The sale is WIWO plus SAV.
The current owners will stay as required for 1-2 months to ensure the new owners are completely up to speed before taking the reins.
No open times scheduled. Contact Agent to arrange a viewing.
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