Leasehold Motel with finance available

Central West - New South Wales

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On offer is this high yielding motel lease. You will be able to walk in and start trading successfully thanks to the level of maintenance carried out by the current lessee and the landlord.

Turnover for 2009 was $809,000, netting $214,000 (31%) after rent and expenses.

A major advantage of this fantastic lease hold motel is its function facilities. Perfect for functions, conferences, banquets and weddings of any size. The main function room can be enlarged or reduced to cater for most required configurations.

The current lessees have kept the property and fittings in good condition, having replaced beds, air conditioners, sofas, kitchen equipment, conference facilities and repainted some rooms.

Other features:
- Security system
- Disabled room
- Spa room

Additonal income ($12k/yr) is derived from renting a section of the car park to a car rental company.

This is regarded as one the premier motels in this large, busy town on the Newell Highway.

The new owners will enjoy an air conditioned 3 bedroom residence with new floor coverings.