426 David Street Albury NSW 2640

EXCLUSIVE TO MHB

Rare but true - Genuine offering to the market!

The Albury Garden Court Motel is on offer as a Freehold Going Concern Business with 17 rooms plus 3 bedroom apartment.

This central Albury motel is a rare opportunity to enter into the tightly held accommodation sector.

The Albury Garden Court Motel is perfectly positioned close to the heart of the city and is literally just a few minute' s walk to the city centre and all it has to offer with two major licensed clubs, popular restaurants, nightclubs, cinema, fantastic shopping and business precinct.

The motel is also close to the iconic Albury Railway station, famous Botanic Gardens and just a 10 minute drive to the Albury airport making it an ideal location for travellers needing accommodation year round.

Endless opportunity to develop or maintain market share.

A must to inspect for any operator looking to reap the rewards in this vibrant
regional city.

Key Features:

* Blue Chip central Albury location
* Strong and consistent revenue and profitability
* 17 x motel suites with diverse room options plus a 3 bedroom apartment
* 1 x bedroom studio owner accommodation
* Sales revenue in excess of $700K for the 2023 / 2024 financial year
* EBIDTA = $498,299 for the 2023 financial year
* Single level building with 53KW of Solar
* Beautifully redecorated and maintained
* In-ground swimming pool and guest BBQ area
* Land Zoning B, Business - approx. land size 2296m2 - Vertical development
upside

Inspections are strictly by appointment only.

*Expressions of Interest close at 12:00pm, Wednesday the 31st of July 2024.

Contact Dan McDonald at MHB direct to book your inspection.