McDonald Hospitality Brokers | Hotel, Motel & Caravan Park Brokers
Leasehold $625,000
SOLD - Federation Motel Resort, Corowa NSW - 1P0182
Agent
Dan McDonald
0437838368
Leasehold $625,000
EXCLUSIVE TO MHB
Outstanding Resort Style Accommodation Opportunity!
The Federation Motel Resort, Corowa is the complete accommodation offering.
Boasting resort style guest accommodation and facilities, this strong performing business offers consistent returns with further scope to expand and drive future revenue.
Located in the strong NSW township of Corowa, located close to the mighty Murray River area, the motel is ready for its next owners to continue with its strong performance.
Situated within just a short stroll to the city centre this business has everything going for it.
The motel also enjoys the benefit of significant return clientele with a large portion of guests booking their next stay on the day of departure.
Featuring 22 beautifully presented and decorated rooms with a diverse range of room formats, a relaxing in-ground swimming pool and separate spa along with recent refurbishments makes this immaculately presented motel the perfect offering.
Plus, as an added bonus, the motel has recently undergone significant upgrading with 6 updated and renovated executive rooms along with a recent repaint internally in late 2019 and externally in early 2021.
With Corowa being one of the Murray River destinations of choice, this area sees an influx of travellers and year-round tourists.
The current operators have invested heavily in the motel over the covid shut down period and made the most of the downtime improving the property.
These improvement items, repairs and replacements over the past few years cover new roadside signage for a greater street presence, external and internal painting throughout the entire motel, new split systems throughout the property, updated pool area with new pool filter and chlorinator, updated day beds, BBQ area and Bali style huts make the pool area a hive of activity over the warmer months.
Along with the listed upgrades to add to the resort feel of the motel the current owners have also added landscape lighting to add to the relaxed feel of the property which will give the next operators a sense of ease knowing that these won’t require repair or maintenance anytime soon.
Key Features:
* 22 rooms with diverse room configurations
* Significant and recent refurbishments across the motel
* Bali Huts, relaxing Zen garden and swimming pools
* Conference and function facilities
* Commercial kitchen
* Excellent location close to the Murray River
* Popular tourist town location with repeat clientele
* Strong performing business with consistent returns
* Scope to expand and drive future revenue
* Just move in and continue trading
With the domestic market well and truly reopened, the next operator of this rare opportunity will enjoy the large and varied events that run each year around the area and the positive location nestled in a township located next to the mighty Murray River and all this destination has to offer.
An inspection is a must and will not disappoint!
Contact Dan McDonald direct at MHB today!