HIGH-PERFORMING REGIONAL FREEHOLD MOTEL IN TUMUT NSW | Resort Brokers ID : FH008179
$2,400,000
Motel (Freehold) hospitality, Tumut NSW
ResortBrokers presents the Merivale Motel Tumut, a top-rated, four-star motel offering premium accommodation. Efficiently run with key code lock boxes, this motel boasts modern, stylish rooms and benefits from repeat clientele and Government trade. With an average occupancy of 75% the last four years, and potential for expansion (STCA), this tranquil location, a short stroll from the main street, is an exceptional investment opportunity.
- Efficiently run with key code lock boxes
- Top rated motel in Tumut on Tripadvisor
- Potential for expansion with additional rooms or manager's residence STCA
- Benefiting from repreat clientele and Government trade
- Boasting 13 modern and stylish rooms
- Situated in a tranquil location, a short stroll from the main street
- Consistent appeal with an average occupancy of 75% from 2020 to 2023
- Four star rated motel offering premium accommodation
- Inspections are by appointment only
Date updated: 26 Apr 2024 23:00:02
More Information
- Total Purchase Price: $2,400,000
- Net Income: $ 265,339
(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?