Manenti Quinlan & Associates is pleased to announce the successful sale of The Horatio Motel, Mudgee, including the adjoining residential property.

This exclusive off market sale was transacted by Manenti Quinlan & Associates’ Agent Ray Larkin.

On behalf of the Vendors, the Snell Family, The Horatio Motel was sold via an exclusive off market campaign.  The successful purchasing party is local business identity and Motelier Mr Greg Docker and Family.

The property includes 38 units with breakfast room, function / meeting facilities and pool, along with DA for a further 13 units to be developed.  Underpinning the sale is a high performing motel with occupancy levels above 80% and excellent average daily rates.  The property is of 4½ star standard and is on a total land holding of 5,931.04 m2 (which includes the adjoining house).

Mudgee is a highly sought-after location with accommodation assets in high demand.  With the hard work, quality presentation and excellent management of The Horatio Motel by the Snell Family they have been able to achieve an excellent sale price.

MQ currently have nine contracts exchanged in Regional NSW with three in the Mid Western Region.  The current demand from purchasers is far greater than the supply of properties.

Ray Larkin of MQ sincerely thanks the Snell Family for the opportunity to sell this outstanding asset.  We congratulate the purchasers Mr Greg Docker & Family on their new acquisition.

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