Address available on request Wellington, NSW 2820
Offers over $2,600,000
FREEHOLD MOTEL WITH RESIDENCE AND HUGE LAND – 200M FROM MACQUARIE RIVER
Situated in the heart of Wellington, in Central West NSW, this FREEHOLD MOTEL is positioned perfectly with huge exposure on Mitchell Highway (A32). The motel is centrally located and close to restaurants and shops. (The highway is the main thoroughfare for commuters from Sydney, Orange, Bathurst and Dubbo).
Motel Mandalay has been established for years and is practically an icon in Wellington. All recently refurbished with solid brick construction on concrete slabs and rendered walls on the inside, all well insulated. There is one two story building and one single story building with tile roof, all in excellent condition. There are 23 motel rooms in total plus one dining room, a commercial kitchen, one service room and an in-house laundry.
The property is fully fenced with a lockable sliding driveway entrance gate. All outdoor lighting is controlled by 12 movement sensors to reduce electricity costs. Property has 10 CCTV cameras installed. Motel courtyard is fully concreted.
The motel comes with a 3 bedroom solid brick house with 3 living areas, 3 car garage and 4 car ports with concrete drive way with auto gate and auto lighting.
The occupancy rate for this motel is very high. There are many trades people for long term regulars as there is plenty of work in the area especially for the new solar farms being built and the on-going road and rail works, plus much more.
Included in the sale are the two titles. One for the motel (1486m2) and one for the home (2633m2) – Totalling 4119m2. The land is in prime position situated on a corner block.
In addition (not included in the sale price) there is another adjoining block available for purchase which has an existing large 5 bedroom home). New owners could consider to purchase this as well, which would enable the opportunity to place cabins for more accommodation (subject to council approval).
There are so many opportunities with this excellent FREEHOLD MOTEL BUSINESS. This successfully run motel over the last year has quadrupled in its takings but owners must sell for personal reasons.
OPPORTUNITIES FOR NEW OWNER:-
* Buy and carry on running the business
* Buy and sell the business, creating a long term lease
* Buy and develop more opportunity (cabins)
Enquire today for more information. Genuine enquiries only for $2.6m+ buyers.
Property ID: 502948338Last Updated: 22 Jun 2019