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Boutique leasehold with 25 year lease in central Armidale | Resort Brokers ID : LH008690
$670,000
Motel (Leasehold) hospitality, ARMIDALE NSW
ResortBrokers is pleased to present an outstanding opportunity to acquire the leasehold of a boutique motel featuring 17 well-maintained rooms, including six spacious two-bedroom apartments perfect for extended stays.
With a secure 25-year lease and an impressive 30% return on investment, this property offers excellent long-term stability. Ideally positioned in a central location, the motel enjoys consistent trade and a loyal repeat clientele, evidenced by its solid 8.3 rating on Booking.com.
This is an ideal opportunity for astute buyers, further enhanced by the inclusion of a comfortable owner's residence.
A rare chance to step into a thriving, profitable motel business with immediate appeal.
- Prime location in central Armidale
- Stable year-on-year trade
- Long-term 25-year lease
- Six apartments ideal for extended stays
- Recently refurbished
- Loyal clientele with advance bookings
- Highly rated at 8.3 on booking.com
- Inspections are by appointment only
Date updated: 15 Apr 2025 23:00:02
More Information
- Total Purchase Price: $670,000
- Net Income: $ 191,233
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?