NEW ENGLAND NSW - LH2012957
New England Hotel
Asking Price $160,000 + SAV
Weekly Sales $11,875 (ex. GST)
No. of Bars Public Bar and Lounge Bar
Letting Rooms 9 + 10 Motel Rooms
Lease Term Existing 12.5 Years
Residence 3 Bedroom FSC

This New England property is a well maintained hotel motel that is located on the Main Street of Walcha just east of the bridge over the Apsley River.

The business offers a well-rounded service to local patrons as well as visitors to town. The single bar operation services the entire hotel. There are four active poker machines on-site along with full TAB facilities.

With regards to accommodation there are 9 basic letting rooms upstairs at the hotel, whilst behind the hotel there is a 10 room ground floor motel. Also upstairs at the hotel is a fully self-contained three bedroom residence.

The kitchen has been leased out to Chinese operators for over 30 years who pay a reasonable rent. The meals are very popular with locals and travellers.

THIS HOTEL LEASEHOLD IS A WELL ESTABLISHED BUSINESS AND IS A GREAT OPPORTUNITY FOR A PURCHASER TO ENTER THE HOSPITALITY INDUSTRY AT A REASONABLE PRICE - IT IS A MUST ON YOUR INSPECTION LIST.

For more information on this property or to arrange an inspection, please call us today on 0439 691 055.

$160,000 + SAV
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