EXCEPTIONAL MOTEL FOR SALE - CLUB MOTOR INN, NARRABRI - NSW NEW ENGLAND AREA - BUSY NEWELL HWY LOCATION

SOLD

Description: The Club Motor Inn, Narrabri is a near new motel in excellent condition, beautifully presented and very well located. This property is further enhanced by government approval of major projects in the area which will boost the already vibrant economic activity and greatly enhance accommodation demand.

Star Standard: 3.5 to 4 Star

Construction: Predominantly single storey with part two storey. Attractive brick and rendered facade, with brick veneer walls and colorbond roof.

Interior: Total of 30 medium to large well furnished rooms with ensuites. 2 Spa suites, 2 disabled suites.

Age: Officially Opened 24th May, 2008

Land Area: 4,413 sqm approx.

Tariffs: Deluxe Queen $130-145; Deluxe Twin $130-$145; Executive Spa Suite $170; Family $165-$175; Two Bedroom Unit $185

Chain Affiliation: No

Lease: No

Laundry: 2 commercial washers & 2 commercial dryers. Current operator is using laundry service for sheets and towels.

All Motel Units Have:
- Air Conditioning
- Ensuite Bathrooms
- Foxtel
- Flat Screen Television
- Bar Fridge
- Microwave Ovens
- Toaster
- Tea & Coffee Making Facilities
- Hair Dryer
- Iron & Ironing Board

Motel Facilities Include:
- Walkway to Bowling Club next door
- Inground Pool
- Outdoor Areas with Tables & Chairs
- Full Commercial Kitchen with Stainless Steel Fitout
- Laundry
- 62 Solar Panels on Roof
- Onsite Parking

Turnover: July 2020 to January 2021 $561,598; 2019/20 $916,502 (COVID-19 Affected); 2018/19 $1,074,416

Clientele: Business Travellers, Trade & Agricultural Workers, Tourists, Interstate Travellers.

Residence: 3 bedrooms, spacious and comfortable with balcony, own kitchen, separate bathroom and toilet, double garage

Comment: Rare opportunity to acquire a near new motel in a location with strong growth potential in the coming years.

While the business has been operated under management since construction, and has been a very profitable asset, there is considerable cost saving to be made by an astute hands-on operator.

This property presents an opportunity to purchase a quality building and business with strong potential as either an owner operated business or a managed investment with a solid return.

For Sale by Expression of Interest.

Under Instruction from Alan Hayes (of Hayes Advisory), Deed Administrator of Narrabri Bowling Club Ltd (Subject to Deed of Company Arrangement).


MQ Property ID:
6360599


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