(Price and Rent Reduced)
THE BUSINESS (STRONG TURNOVER-IMPRESSIVE PROFITS)
This is an efficient and profitable business which at the recently reduced asking price now demonstrates an attractive ROI which is well above that normally available to a buyer in the motel / hospitality sector.
You will not find a better presented or better priced opportunity than this in WA. If you are a genuine buyer of a strong and profitable motel / hospitality business contact us now as this will not last.
This outstanding property offers unequaled accommodation, hospitality and conference facilities for this busy regional hub. The accommodation enjoys occupancy rates of approximately 80% throughout most of the year. This in combination with a strong bar and bistro provides a profitable and secure trade mix for the business. Given that the available rooms are over- subscribed on most week days there is also significant potential to further develop this aspect of the business on the adjoining vacant land. This land is also the property of the Dukes Inn hotel owner. He is prepared to discuss with the leasehold operator various options for the development of this land to incorporate additional motel rooms to further expand the current business (see further details below).
The Dukes Inn Hotel was fully refurbished in 2013 and was a finalist in the Western Australian Heritage Awards that year.
The original Stables were then fully restored and converted in to a unique and impressive accommodation facility. The stables were a finalist in the 2015 heritage awards.
Following restoration and refurbishment of the Dukes Inn Hotel and the Stables, the Chalets were then built on site. The chalets comprises 3 separate blocks of modern studio and apartment style self-contained accommodation rooms.
In summary the accommodation facilities comprise
13 x bedrooms with no en-suite
2 x bedrooms with en-suite’s
1 x 2 bedroom family apartment
THE STABLES :
1 x double room with en-suite
1x deluxe queen room with en-suite
2 x 1 bedroom apartments incl lounge and kitchen facility
1 x 1 bedroom two story townhouse with separate bedroom lounge and kitchen facility
All of these rooms have modern high quality fit-outs
THE CHALETS :
6 x studio style one bed rooms with kitchen/dining facilities
6 x large deluxe studio rooms
All chalets have separate entries and modern high quality fit-outs
OTHER PROPERTY FEATURES :
Full Tavern Licence
Separate entrance and reception area
Fully equipped bistro and sports bars
Separate Conference/Function Room
Unique paved and landscaped outdoor garden entertainment area with separate bar
Gas BBQ and alfresco area
Fully equipped modern laundry
Attractive and profitable trade mix over accommodation, food and beverage sales
ADJOINING VACANT LAND
This offering can include the vacant land immediately adjacent to the Dukes Inn
Demand at the business frequently exceeds availability of rooms
The vacant land provides the opportunity for a new owner to increase the room capacity and further develop this already substantial business.
The owner is open to discussions with the leasehold operator of the existing business to develop this land with additional accommodation.
The Seller is prepared to offer a new lease of the existing business on the following attractive terms :
Initial Term : 10 Years
Options : 2 x 5 year options ( total lease term of 20 years )
Price : $695,000 psav ( Furniture , plant , equipment and goodwill of existing business)
Annual rent : $140,000 ( plus usual outgoings)