The Freehold Passive Investment of the Cherry Blossom Motel, Young, has been sold by Ray Larkin and Malcolm Mathie, Directors of Motel Sales, Manenti Quinlan & Associates.

The Cherry Blossom Motel, Young, was owned as a Freehold Going Concern by Ryals Pty Ltd, with Manenti Quinlan and Associates selling the Leasehold to Henfeng Pty Ltd in mid 2024 for $1,295,000 advised Mr Malcolm Mathie.

The Freehold Passive Investment was marketed in an off-market campaign with the property being purchased by Farlen 2 Pty Ltd (which owns several investment motels) for $4.2 Million with a 7% yield.  Demand for Freehold Investment Motels is extremely strong with the Cherry Blossom Motel selling in under a week at the full asking price advised Ray Larkin.

The Cherry Blossom Motel, Young, is set on 4,129m2 of flat land with 30 ground floor units, breakfast room, plus three bedroom owner’s accommodation.  The property is located in the centre of Young within easy walking distance to all the town amenities.

Young has a population of approximately 10,000 and is 370 km south west of Sydney.  The city of Young is known as ‘The Cherry Capital of Australia’ and has a very solid year round mix of trade.

Manenti Quinlan & Associates currently have a large client base of well-funded buyers looking for Freehold Going Concern, Freehold Passive Investment and Leasehold accommodation properties advised Ray Larkin.

Related Readings 

Nandewar Motor Inn Narrabri sold by Manenti Quinlan & Associates

The Cudgegong Valley Motel Mudgee sold by MQ

MQ Brokers sold Gunnedah Tourist Park, Gunnedah

The Horatio Motel Mudgee sold by Manenti Quinlan & Associates