Colonial Motor Lodge

Colonial Motor Lodge
$ 695000
Scone, NSW
Chris Rix
Motel, Motel - Leasehold
Description

"Comfortable, Central & Quiet".  24 attractive, all groung floor motel units with recent total renovation of the three bedroom residence, located three hours from Sydney in the beautiful Hunter Valley, in the horse capital of Scone.  This property has constantly achieved consistent income due to its diverse3 trade from the agricultural to livestock to mining to tourist, etc.  Combine this with a long lease and $18K after rent profit each month equals an excellent business purchase.  Continual upgrading to the property provides a strong 3.5 star rating and is superbly presented.  Continued growth in the region ensures steady income and with the recently approved $40 Million upgrades to the Abattoir will increase activity to the centre.  Excellent opportunity for Valley living with great income.  Don't miss out on this fantastic leasehold purchase!

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