New price
$1,499,000

37 Stephens Street,Binalong NSW 2584

Other2020

Royal Tara Motel

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.

Features
  • Property Type: Serviced Apartment
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Inspections

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

Key Details

Property Type:Other
Lot:1
Plan Type:DP
Plan:1079482
Stamp Duty:$67,747

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Harcourts Brindabella

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            Binalong Suburb Information

            Median Sale Price For Binalong
            $137,750
            Average Age
            49 years
            Population
            464
            Binalong Profile
            Binalong Occupancy

            Contact agents

            Harcourts Brindabella

            Harcourts Brindabella

            View agency details
            Jeremy MaherHarcourts Brindabella
            Please send me information on 37 Stephens Street, Binalong NSW 2584
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            This listing has been viewed 532 times. It was first displayed on 02/05/19 and last updated on 02/08/19.