Motel in Holbrook A. 244

Active

Holbrook is situated on the Hume Highway between Sydney & Melbourne approx. 45 minutes to Albury Wodonga (pop 95,000) & a similar distance to Wagga Wagga (pop 63,000)

The ‘Submarine town’, home of the decommissioned HMAS Otway submarine is a rich, diverse rural area complementing a healthy tourism trade 

The Motor Inn is a modern brick three & half star motel in the heart of Holbrook comprising a total of 20 units with a combination of twin, family & spa rooms

A large 3 bedroom managers residence adds to the desirability of this business

Built in 1985, refurbishments have been completed for most of the units with tariffs starting from $115 to $189 per night. Est ROI 32%

This motel is presently part of the Golden Chain group but can be independent if desired by the new owner

The present owners have family in Western & Southern Victoria and wish to continue in the motel industry in the Southern state

For Sale: $420,000  

Rental:  $95,769 P.A.+GST +outgoings

Lease Term:  21 years

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:$$420,000
City:Holbrook
State:NSW
Zip Code:2644

Listing Inquiry