Listing ID: 463
Returning a very impressive 15% ROI, this freehold motel with lots of extras in Armidale is the real deal.
Armidale is located in the New England region of NSW and is a spectacular area in which to live and work.
The largest historic town in the area, Armidale is surrounded by stunning scenery, amazing national parks, gourmet food and wine, galleries and museums, not to mention the many festivals and events that take place all year round.
Whether it's a quick stop overnight, a holiday, or accommodation for work, the Armidale Motel is extremely popular - and it's easy to see why.
Offering clean affordable rooms and a great location, the award-winning 3.5 star motel also incorporates a function room, conference facilities and licensed restaurant.
On-site facilities include a half tennis court, guest laundry and BBQ area, plus plenty of parking for cars, trucks, trailers and buses, on the 6500sqm block.
At a glance:
• 21 ground floor units - all with Queen beds
• 3-bedroom residence for owner or manager
• Netting $236,000pa (2015)
Currently run by a mother and daughter team with casual cleaners as needed, this is an easy business to run with a very good ROI. You won't go wrong with this one!
Armidale, New South Wales 2350