SOLD – Substantial Hotel/Motel With Land Plus Two Residences – Tenterfield, NSW , ,

Category: , ,
$ 2,100,000
Leasehold: $350,000 Freehold Price: $2,100,000

Description

This package represents an outstanding investment in the historic town of Tenterfield, 3 hours’ drive from Brisbane. The Royal Hotel Motel is a substantial leasehold hospitality business (includes freehold conversion option) with the potential to increase trade under proactive management.

With a separate refurbished residence for the new owner – plus a second freestanding dwelling to generate additional income – this is definitely a must-see.

  • Established business with strong customer base
  • 18 hotel rooms – many with French door access to substantial balcony – plus 12-room motel – completely refurbished to 4 ½ Star standard
  • Refurbished public bar with rustic theme, heater and air-conditioning
  • Glycol system with popular beers on tap
  • 60-seater restaurant plus bistro
  • Commercial kitchen replaced in 2014
  • Drive-by Bottle Shop
  • Large, refurbished all-weather beer garden
  • Prominent position fronting the Bruxner Highway
  • Diversity of income streams through bar, accommodation, bottle shop and food
  • Large block of land – possible additional motel rooms or townhouse complexes
  • 30-year lease (includes freehold conversion option)

Just 15km from the Queensland border, Tenterfield is an historic township with a permanent population of around 6,600. It is also a popular tourist destination, close to magnificent National Parks.

The two-storey Royal Hotel/Motel is around 160 years old and has been substantially improved and refurbished. The presentation is excellent. The dwellings comprise a large, fully renovated, 3-bedroom home (kitchen, lounge/dining room, bathroom/laundry) plus a second 3-bedroom property (lounge/dining, kitchen, ensuite bathroom, laundry, private backyard).

With plenty of storage, room to welcome caravaners and grey nomads, and easy access to major highways, this business ticks all the boxes.

Leasehold price: $350,000
Freehold price: $2,100,000

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