MOTEL FOR SALE - BUSY NEW ENGLAND LOCATION

SOLD

Description: Busy highway location in New England. As solid as the day it was built. Fresh paint work. Superbly refurbished with quality appointments throughout. Medium sized units. A very unique property.

AAA Rating: 3½ star

Construction: Single level brick with concrete foundations, iron roof and brick partitions. Plenty of room to expand.

Residence: 3 bedroom, 2 with built-ins, kitchen, large lounge, dining area, bathroom, private yard available. Convenient and roomy with new air-conditioning. Joins reception.

Age: 1970 - 1978

Clientele: Reps, local workers, passing trade, mining trade

Land Area: 1.5 acres approx.

Tariffs: Single/Double $75- $95; Family (4) $120; Extra person $10

Chain Affiliation: No

Lease: No

Laundry: Heavy duty commercial

Breakfast Room: Continental breakfast only in breakfast room.

Services: Air conditioned, BBQ, DD phones, fire rated, continental breakfast only served in breakfast room.

Turnover: $330,000. Adjusted net $200,000.

Occupancy: 83% estimate.

Comment: A unique motel, delightfully renovated. Good highway exposure in busy New England. Currently operated by a single operator. Huge upside. Good forward bookings. Inspect and you will love it.

MQ Property ID:
2206966


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