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Commercial, For Sale, Business, Accommodation Tourism, Tamworth, New South Wales

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Tamworth NSW
$895,000

EQUINE INN - SELLING FREEHOLD

The present owners have operated the business since May 2006. The land is approximately 2000m2 fronting the New England Highway. THE BUILDINGS CONSIST OF:- Seventeen motel units comprising 1 x Large 2 bedroom self contained unit with full kitchen.  Sleeps 8 people. 2 x 2 Bedroom units with Kitchenette 2 x Twin Rooms (one with kitchenette) 2 x 3 person rooms 9 x Double units (queen and double beds) 1 x Large room with 2 Queen beds.   RESIDENCE & RECEPTION The Reception has been fully renovated in natural timber finishes and is very functional. The Motel Residence has four bedrooms and also a general office.  The kitchen is designed to cook breakfast meals when necessary.   There is a small laundry to the rear of the residence. The Workshop has been designed to complete renovations to the mote

The present owners have operated the business since May 2006.

The land is approximately 2000m2 fronting the New England Highway.

THE BUILDINGS CONSIST OF:-

Seventeen motel units comprising

  • 1 x Large 2 bedroom self contained unit with full kitchen.  Sleeps 8 people.
  • 2 x 2 Bedroom units with Kitchenette
  • 2 x Twin Rooms (one with kitchenette)
  • 2 x 3 person rooms
  • 9 x Double units (queen and double beds)
  • 1 x Large room with 2 Queen beds.

 

RESIDENCE & RECEPTION

The Reception has been fully renovated in natural timber finishes and is very functional.

The Motel Residence has four bedrooms and also a general office.  The kitchen is designed to cook breakfast meals when necessary.   There is a small laundry to the rear of the residence.

The Workshop has been designed to complete renovations to the motel rooms.   9m x 5m steel building with concrete floor, benches and shelving for storage.

The Motel Laundry is located in a central area t the rooms.   Renovated two years ago, again very functional.  The Motel sheets are washed and pressed off premises.   Towels and pillow cases are washing in the Motel laundry.

 

There are many improvements to the hotel that the current owners have made.   A full list and costs can be provided.

OPPORTUNITY FOR THE NEW BUYER

The business would be ideal for a husband and wife team and an extra benefit if the husband has some building experience.

 

The business currently covers the wages and full living costs of the manager, daughter and son-in-law and the mortgage on extra property.   Also one silent partner and one casual cleaner working for approximately 15hrs per week ($400.00).

There is a significant opportunity for the new owners to reduce the outgoings by a very large percentage.

 

LOCATION

1.2km from the centre of the city.  There is a swimming pool, Hotel, Leagues club, bowling clubs, small shopping centre and Post Office within 5-10 minutes walk of the Motel.

 

TAMWORTH CITY

Tamworth has a population around 55,000 residents and it is located in the north west or north west slopes and plains of NSW.   The city is very sports orientated area.  There are two golf courses, two ten pin bowling centres, six lawn bowls, clubs and a speedway.   There is also a strong ruby league, aussie rules, soccer, hockey, netball, basketball, gun club, pistol club and thoroughbred racing (hosts twenty TAB meetings per year).   Harness racing hosts twenty TAB meetings as well.  Greyhound racing is also very strong.

The city has the largest Equestrian centre in Australia and hosts the National Cutting Quarter horse ten day event each year as well as the many other events.

There is an abundance of activities and festivals basically all throughout the year.  Never mind Tamworth being known for Music Festivals as well.

All of these events obvious help the business with accommodation bookings.

 

NEXT STEP

Contact owner today to find out more.

Property Detail

Property ID:

11835

Type:

Commercial

240
Address:

Tamworth NSW

Building Size:

2000 (land)m2

Car Parking:

Plenty

Contact The Owner

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