Upper Hunter Leasehold Motel - Proven Performer
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Well maintained 24 room motel, located in Scone NSW, known as the 'Horse Capital' of Australia. Great location with diverse economy, located within easy access to Newcastle and other regional centres, three hours from Sydney.
After nine years of business development, the current owners who pride themselves on their repeat clientelle are looking to move onto their next venture. Included is a fully renovated 3-4 bedroom residence.
The motel shows good forward bookings and consistently turns over in the high $700K, with a NAR yearly average over past two years of $200K. The business shows a good rent ratio and return on investment.