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Press Release

The Plainsman Motel in Forbes has been exclusively listed for sale by specialist brokerage firm HTL Property Director’s James Carrick and Nic Simarro.

The property was constructed in 1968 and is the largest motel in Forbes. The Motel comprises 41 keys including suites and two-bedroom apartments; a swimming pool, conference room, restaurant and bar. In addition, the property is positioned on 5,053sqm of land on the fringe of the central business district.

 

The Motel enjoys a dominant location within Forbes and is situated in close proximity to demand drivers including Forbes Golf Club, Forbes CBD and Lake Forbes.

 

The accommodation property is currently managed by the owner and therefore vacant possession is attainable; providing investors with the opportunity to operate the Motel, or to align themselves with a new brand of their choosing. Furthermore, the property was previously leased prior to 2020 and will be attractive to owner operators, investors and passive investors.

 

The property is being marketed by way of expression of interest closing Thursday 26 May 2022.

 

“Our client has recently spent considerable capital on the uplift of the property, and this is evident throughout the rooms and common areas” advised HTL Property Director, James Carrick.

 

“Notwithstanding, the incoming purchaser would certainly benefit from a continuation of room refurbishments” Carrick added.

 

“The Plainsman Motel boasts a prominent highway location and offers significant regional room volume which is rare in the Central West region of NSW” added HTL Property Director, Nic Simarro.

 

“Due to this point, and considering the simplicity of managing a ground floor motel operation, we are anticipating strong enquiry from a range of buyer profiles” Simarro concluded.

 

End.

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