Ad ID: 55742 Inactive
Import and Manufacturing Business for Sale Auckland
Exceptional Showpiece Leasehold Hotel,netting $310,000,Asking $300,000 long lease.
Business for Sale Description
Import and Manufacturing Business for Sale AucklandLORDS HOTEL- incredible opportunity low in going, low stock level, potential to increase the accommodation and function/events income streams,new long lease,low rent, opportunities such as this rarely come along.
This stunning hotel is located in the heart of Scottsdale, on route to many of Tasmania\'s finest tourist locations such as - Derby-mountain bike trails, Bridport- golf courses and the beautiful East Coast of Tasmania.
The premises are just magnificent ,have been well kept to a very high standard by its long term owners of 30+ years.
Lords Hotel has huge potential with 16 accommodation rooms, a spacious managers retreat,a large combined guest lounge,kitchen all on the top floor.complimented by a veranda on two sides with spectacular views of Scottsdale countryside .
On the ground floor of the hotel, there is a generous public bar which leads into the family dining/lounge. This dining/lounge room extends into a newly renovated dining area and is often booked out for families and groups and houses KENO & UBET. There is also a gaming lounge with 10 machines, with its own entrance and offers tea and coffee facilities. On the left of the main entrance is a very large function room, known as the Stronach room including a bar and separate female and male toilets. This function room is currently underutilized but represents a great opportunity for promotion of events and functions.
Adjoining the hotel are 4 x 4.5 star rated, recently renovated motel rooms, one being handicapped rated.
The perfect Formula - The area and its greater surrounds have seen continuous growth largely due to the world class Blue Derby mountain bike trails and two top 100 golf courses, Barnbougle Dunes, just a 30-minute drive up the road. This Landmark Hotel is located at the crossroads between these top Tasmanian Destinations and Launceston City. In its current immaculate condition and with the right management this Hotel has the potential for lasting success.
The current owners have witnessed the growth of tourism not only in Scottsdale but for the whole State -they have recently spent $380k on 4 x deluxe 4.5-star motel rooms.
Annual revenue in excess of $1 million and the net profit for two owner-operators represents, over 100% ROI in the first year of business.
Phone Paul Scott now for further details on 0477771098