Well-presented motel for private sale leasehold....
The Nicholas Royal Motel offers 16 units with potential to expand, comprised of King, Queen, Twin and Family rooms. All rooms come with bed lifts, microwave and reverse cycle a/c and offer free WI-FI and FOXTEL. 11kw solar system in place, significantly reduces electricity bill. The motel features a large pool and bbq area with a newly refurbished children’s playground. A large, backyard parking area can house many cars and larger vehicles, and a dedicated car wash area is available to guests. The motel also comes with a well-appointed 3 bedroom owners accommodation.
There is a long lease in place with 25 years remaining. Current owner has operated motel for 8 years with current annual turnover at $486,582.
Motel is well situated in the popular Murrumbidgee River town of Hay, enjoying great exposure with Cobb Highway frontage.
Hay is a friendly rural community and popular tourist destination and stopover, approx halfway between Sydney and Adelaide and just over 400 kilometres from Melbourne.