LEASEHOLD MOTEL FOR SALE - NEWELL HWY MOTOR INN ON ACRES

SOLD

Description: Large corporate Newell Hwy Motor Inn on acres. Ideal for passing & coach trade.

Star Standard: 3.5 star

Construction: Brick & tile, single level. Partitions besser block. Concrete slab foundations. Presents very well with no obvious movement. Paint work generally very good.

Residence: 2 bedroom with built-ins, own kitchen, lounge/dining, bathroom, private yard plus garage. Good residence. Adjoins reception. Room to expand.

Age: 1976-1986 (10 units)

Clientele: Corp/reps, passing trade, coach/groups.

Land Area: 2.5 acres.

Tariffs: Range from $85 to $168 per night

Chain Affiliation: N/A

Lease: Expires August 2034. Rent $122,636.28 + GST Per Annum

Laundry: Full commercial all owned. 2 changes. As new

Restaurant: 50 seat - used for coach groups only.

Services: Room service, pool, air-conditioning , DD phones, BBQ, fire rated.

Turnover: 2017/2018 $699,689; 2016/2017 $675,789; 2015/2016 $763,280; 2014/2015 $625,020

Occupancy: 44% (2017/18)

Comment: Large single level refurbished motel. Ideal for coach trade. Spacious grounds and good family residence. Strong motel town on Newell Hwy. Room to improve.

MQ Property ID:
3772048


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