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HIGH-NET, 4-STAR FREEHOLD MOTEL IN THRIVING TAMWORTH! | Resort Brokers ID : FH008565
$7,850,000
Motel (Freehold) hospitality, WEST TAMWORTH NSW
Located in the heart of Tamworth, the four-star, 22-apartment Roseville Apartments has an established record as a high-performing earner.
This financial year, the family-owned and operated motel is projected to post a net profit of $890,000.
Roseville Apartments benefits from its central location in Tamworth, the administrative centre of northeast NSW and world-renowned home of country music in Australia, as well as the vendors high level of customer service that aims to offer guests a comfortable, friendly stay.
The vendors service ethic has been rewarded with strong return business from a loyal customer base and an average stay of 5.6 nights.
This is a true turnkey opportunity. Five of the apartments were recently constructed, with the remainder fully renovated as recently as December 2024.
Subsequent to the renovations, the motel has seen an impressive uplift of $105,000 in revenue from January to April compared to the same financial quarter last year.
Yet, there is still room to grow. One of the motels townhouses is currently occupied by members of the vendors family and could revert to guest accommodation. The property also comes with a DA for additional apartments, which would enable the incoming owner to further capitalise on Tamworths visitation which is increasing year on year.
Dont miss this chance to acquire a profitable regional motel with a proven track record of success and potential yet to be realised.
- 4-star, 22-apartment motel in Tamworth, a significant regional NSW hub for tourism and commerce
- Highly successful business with net profit of $890K (proj.) this FY
- 5 recently constructed apartments expand capacity
- Remaining apartments fully renovated with works completed Dec‘24
- Strong return business demonstrates guest satisfaction and loyalty
- Average length of stay 5.6 nights
- Increase revenue by adding 1 townhouse back to inventory + DA for additional apartments
- Long-term contracted staff happy to stay on ensures continuity
- Inspections by appointment only
Date updated: 09 May 2025 23:00:01
More Information
- Total Purchase Price: $7,850,000
- Net Income: $ 890,000
(projected)
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?