Leasehold Motel, Hay. S.NSW Ref. W. 679

New

Circa 1960s and 70s full size motel business, offering  5 first floor and 37 ground floor guest units, a proprietor’s or manager’s residence in a major rural and tourist centre just off the busy Sturt Highway, connecting Adelaide to Canberra and Sydney.

This motel offers plenty of parking for guests, and an in ground salt pool in a main street location.  The restaurant service is offered primarily to coach guests, a major driver for this business, thanks to its large room capacity – the biggest in town.

The residence is very comfortable, and adjacent to a modern reception area.

The motel is not aligned with any chain & operates from their own website consequently no payments are made to booking agencies.

Indications are that 2019 FY will produce an adjusted profit of around $250,000 or 57% Return on Investment.

Asking: $440,000 Leasehold

Lease Term 15 years

Enquiries: Neville 0408 694132, Peter 0412 694069

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Price:$440,000
Address:Lachlan Street
City:Hay
State:NSW

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