The Freehold Going Concern of the Nandewar Motor Inn, Narrabri, sold by Ray Larkin, Director of Motel Sales, Manenti Quinlan & Associates.
The Freehold Going Concern of the Nandewar Motor Inn, Narrabri, sold by Ray Larkin, Director of Motel Sales, Manenti Quinlan & Associates.
The Nandewar Motor Inn, Narrabri was built by Edgar Leech and has been family owned and operated by the Leech Family for over 50 years. MIS Property Holding purchased the freehold with plans to refurbish and upgrade the facilities to 4 Star Standard.
The Nandewar Motor Inn has 44 units with licensed restaurant and bar facilities, along with tennis court, barbecue area, large pool with undercover outdoor area for functions and parties. The motor inn is on 2.58 hectares of land so has tremendous potential for future expansion.
Competition for the Nandewar Motor Inn was very strong with lack of freehold properties available in the current market. The buyer, MIS Property Holding Pty Ltd has other assets in the area so it is a perfect addition for the company.
Manenti Quinlan & Associates currently have a large client base, well-funded and looking for both freehold and leasehold accommodation properties on the eastern seaboard of Australia advised Ray Larkin.
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