Leasehold Motel, West Wyalong C. NSW Ref. W. 627

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 Ref. W. 627

Superbly presented 24 unit motel with restaurant, pool, 3 bedroom residence, and conference centre.

This modern single story motel offers plenty of parking for guests in a quiet location.

Situated on the Newell highway, adjacent to West Wyalong, the motel is able to take advantage of the extensive gold mining activity presently underway with further expansion by Evolution Mining Australia. The Cowal Gold Operations currently employ approximately 350 people and is approved to operate until 2032

The licensed restaurant and conference centre has a strong following from locals and guests with the opportunity for the lessee to sub-let this part of the business. The restaurant will seat 35 – 40 people with the conference room in the same area able to seat another 80 to 85 and provide conference facilities. The restaurant operates 6 days a week with casual staff except for the chef who is on contract. All cleaning staff are casual

The residence is very comfortable with 3 bedrooms, lounge and separate kitchen 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. Occupancy is presently 75% and increasing with the additional workforce in the area due to the mining activity and associated industries

Asking: $595,000

Lease Term New 25 years

Rental $139,000P.A + outgoings

Enquiries: Neville 0408 694132, Peter 0412 694069

All information contained in this website has been supplied to us by the vendors for the use of intending purchasers, and has not been verified by this office. Potential purchasers should therefore make their own enquiries, and seek professional advice. Since prices for businesses can vary, the latest information should always be sought.All inspections must be arranged via our office.

Price:$$595,000
City:West Wyalong
State:NSW
Zip Code:2671
Property Type:Motel lease

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