Leasehold $330,000 reduced to sell now $290,000

Description: 3 hours west of Sydney and great stopover for travellers, whether heading north, south, east or west. A small "boutique" style motel. Main street location but set back from any road noise so guests are assured of a quiet night's sleep. Easy to operate by a couple. Strong country town. Long 24-year term. Great trader. Easy care. High quality appointments. Rooms have kitchenette and the Motel is a short walk to shops.

Star Standard: 3.5 star - Excellent reviews. Rates highly for value, cleanliness, comfort and location.

Residence: Very spacious and comfortable 3 bedroom, 2 bathroom, residence with a lovely private owners garden at the rear of the property separate from the guests garden area. Evaporative cooling / air conditioning / ceiling fans and gas heaters.

Clientele: Tourists / Government / Business / Trades / Car and Bike Clubs to mention a few with a large repeat regular customer base.

Construction: Single level brick construction with tiled roof (clip lock on residence) and brick wall partitions. Good medium to large units. High quality appointments. Sound and well-presented construction.

Land Area: 1,290sqm approx.

Tariffs: 12 guest rooms ranging from Standard Queen to Executive Queen / Twin & Family Rooms. Prices range from $145 to $185.

Chain Affiliation: No

Lease: 24 years to 2047. Rent $114,918.06 per annum (excl. GST)

Laundry: Hired (Commercial) plus large owner's front load washer and gas dryer and small LG front loader

Restaurant: No - but ideal location only 3-4 minutes' walk to clubs / pubs and variety of local restaurants. Currently offering a DIY breakfast option but can reintroduce full breakfast if required.

Services: Reverse cycle air-conditioning, Gas BBQ, Wi-Fi, parking in front of units, fire rated.

Turnover: 2022/23 $368,096.20

Occupancy: 65% - 80% approx.

Comment: This is an ideal leasehold motel which can be easily operated by a couple. Centrally located with shops at the back gate and short walk to additional shops. Just a few minutes' drive from Japanese Gardens.

MQ Property ID:

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  • Suburb Cowra
  • Region Central West
  • Property Type Accommodation/Tourism
  • Status For Sale