$975,000 with no agent OR $995,000 if there is an agent
The Glen Innes motel is a very attractive and well presanted motel in a great little town mid way between Sydney and Brisbane on the New England Highway. The motel is on 2 acres in town. Full double brick and block construction in the motel, large 3 bedroom residence with new ensuite bathroom just completed. Large breakfast room which is the old historical Glen Innes bowling club house 100 yrs old. This charming old building was moved here and the motel built around it.
The motel has 15 rooms. 11 of the 15 rooms have been fully refurbished - New paint, bathroom upgrade, new carpet, new beds and bedspreads. Under cover parking in front of each unit added.
This is a very easy motel to run, with three casual cleaners employed, money could be saved if you wanted to do some of the work yourself. The breakfast room was once run as a restaurant and still has the commercial facilities, this could be reopened if you wanted to add room service. It's currently only used to serve a continental breakfast - all self serve, cereal, toast, tea and coffee.
The motel occupency rate is currently around 80% and has been for a number of years, we have a very good reputation (check TripAdvisor, no 1 Hotel with 92% recommended) and fortunately, being 'Glen Innes Motel', we're top of the list for google searches of Glen Innes Motel.
Figures and previous years returns can be supplied on request.
