Ray Larkin Director Manenti Quinlan & Associates announce the successful sale of the Club Motor Inn, Narrabri, having been exclusively appointed by Alan Hayes of Hayes Advisory as Deed Administrator of the Narrabri Bowling Club Ltd (Subject to Deed of Company Arrangement).

Narrabri lies in the heart of the Namoi Valley around six (6) hours’ drive from Sydney being 568km north-west of Sydney.  The area is a highly regarded agricultural and administrative centre which is now being transformed into one of New South Wales’ largest gas mining regions. There are also plans in place to construct a large fertiliser plant making urea from the by-product of the gas mining.

The Club Motor Inn occupies a large 4,413square metre footprint, in a high-profile corner site with Newell Highway frontage, and includes 30 motel sites, all with ensuites and air-conditioning, 3-bedroom spacious manager’s residence, inground pool, outdoor seating areas, full commercial kitchen, laundry with commercial facilities and as well as 62 solar panels.

The opportunity was further enhanced by the Federal and State government’s approvals of the gas field and inland rail link respectively which was anticipated to boost the already vibrant economic activity and greatly enhance the accommodation demand within the Narrabri area. 

The successful purchaser was CMI Property Pty Ltd, a Queensland based group of motel investors headed by Mr David Jackson. The group are involved in several motel investments on the Eastern Seaboard and operate their properties with a management structure in place.

Mr Jackson was delighted with the new acquisition, stating “the quality of the Club Motor Inn, along with its CBD location are quite rare in the market making this a prized asset”.

Ray Larkin, Director of Manenti Quinlan & Associates stated that “the Expression of Interest campaign generated in excess of 48 genuine enquiries with 12 submissions to purchase the property” he further added “we are at a time in the market where demand is far outweighing supply and we have a number of well-funded and qualified purchasers ready to transact”.

The Club Motor Inn sold for $4,500,000 reflecting a yield of 13.5% on pre-COVID-19 restricted trading figures.

Founded in 1982, Manenti Quinlan & Associates (https://www.mq.com.au) is a specialist commercial real estate firm that specialises in hospitality, liquor, and general business properties. One of the nation’s leading commercial brokerages, the firm provides real estate valuations and consulting services in addition to its flagship brokerage services.

To request a sales analysis please contact either of the selling agents via the below contact details.