MOTEL FREEHOLD - WELL MAINTAINED - NEWELL HWY FRONTAGE
SOLD
Older Motel but well maintained - heaps of potential to improve. Operated by single person. Newell Highway frontage. Quiet units, good family residence. Suited to Coach Trade. Finley is NOT over serviced.
Rating: 3 star
Construction: 21units. Single storey brick and besser block construction with cliplock iron roof and besser block partitions. 1966 construction - good for age - well maintained.
Interior: Medium size units and bathrooms well appointed with good clean furnishings.
Residence: Good, roomy family residence. 3 bedrooms with built-in wardrobe. Lounge/dining, bath/toilet, kitchenette and carport.
Age: Built 1966 approx.
Land Area: Three Quarters of an Acre approx.
Tariffs: Single $75; Double $85; Family of 4 $90-$130; Extra Person $10
Chain Affiliation: N/A
Laundry: Heavy Duty - Domestic. Sheets & slips hired - remainder towels, etc., owned on site.
Restaurant: Closed
Services: Room service (breakfast), reverse cycle air-conditioning, conference room, barbecue in covered area, parking in front of units, fire rated.
Occupancy: 38% approx.
Comment: Bargain buy at $30,000 per unit. Buy this one and with a little effort and imagination you can get amazing returns on your investment. 21 units - all ground floor - currently only 38% occupied. Busy highway location. Priced less than a unit in Sydney or Melbourne. Easy walk to Bowls Club.
English
Chinese (Simplified)
