Accommodation/Tourism for sale
1706ML - Money Making Opportunity with a Lifestyle
Superbly presented 22 room motel and apartments, the Young Colonial Motel offers an excellent variety of accommodation popular with a broad cross-section of commercial and business travellers.
Well maintained bed and breakfast motel close to Young CBD and centrally located along the Olympic Way between Wagga Wagga and Cowra yet close to the Hume Highway. Famous for stone fruit enterprises, Young offers a progressive and dynamic environment with the motel showing a consistent 60% plus occupancy.
Having 24 years left in the existing lease from September 2016 this opportunity is ideal for either an experienced or first-time operator. Financial performance indicates a healthy increase in net profit over the last financial year and the future looks stronger.
Net profit $216,578 for 2015/16 (39.37% return on asking)
Net profit $189,771 for 2014/15
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1706ML (quote when enquiring)
Location: Situated on the South West Slopes of New South Wales in the heart of the Hilltops Food and Wine Region, Young is renowned for glorious undulating countryside, vineyards, orchards, fascinating pioneering history, exciting events and for being known as the Cherry Capital of Australia! Situated on the A41 (Olympic Highway) Young is a great place to visit and offers something for everyone.
Young's major industries of agriculture, horticulture, construction, engineering and steel fabrication, retail and service industries mean that residents can enjoy a variety of stable employment options and advancement opportunities along with a very comfortable standard of living. Young services a population base of 56,000 people who are all within an hour's drive of the town, the town itself is just three and a half hours drive south west of Sydney and it is home to in excess of 1,900 individual businesses and this number is constantly growing.
There are excellent transport, power, energy and telecommunication networks all servicing local business which enjoys the luxury of easy access to potential markets. The town and district's central location to Sydney, Canberra, Wagga, Bathurst, Orange and Wollongong with approximately 60% of Australia's population just 3.5 to 10 hours driving time from Young makes it the ideal location from which to do business.
Facilities: regional CBD with speciality shops and national retailers, three registered clubs, three supermarkets, 34 parks, three gardens, nine reserves.
Tourism and Cultural Tourist Attractions: Cherries, Lambing Flat Chinese Tribute Garden, Tout's Lookout, Lambing Flat Folk Museum, Young Society of Artists, Studio 1 Art Gallery, Landra Castle, Gold Trails and Poppa's Fudge Factory.
Festivals: National Cherry Festival, Lambing Flat Chinese Festival, Wine and Food Festival
Property Code: 641
- Business Category: Accommodation/Tourism
- Business Sub Category: Motel
- Zoning: Leasehold motels