Property Details

Price Freehold $1,250,000
Property ID 3982705

MOTEL FOR SALE - BUSY SOUTH COAST SERVICE CENTRE - VALUE FOR MONEY

Older style budget motel in busy south coast service centre. Extremely good value for money at $40,000 per unit. Smaller units in good condition for age. Has had improvements over the years.

Rating: 3 star

Construction: 28 unit brick construction with cliplock roof and brick partitions in good condition. Possible extra 3 units.

Residence: Large 3 Bedroom family residence with carport

Age: Built approx. 1960

Land Area: 3,300 square metres approx.

Tariffs: Single/Double $85-$98; Family $115; Extra Person $10

Turnover: $327,000

Laundry: Full commercial laundry. Sheets hired - remained owned on site.

Restaurant: 50 seat (closed), licenced.

Services: Split system air-conditioning plus window air-conditioners; ample parking in front of building.

Occupancy: 45%

Clientele: Trade workers, travellers, hospital, tourists, truckies.

Comment: Motel has the ability to open more rooms, a fantastic opportunity to increase turnover. Older style motel, which would benefit a hands-on owner with consistent turnover over last few years.

MQ Property ID:
3982705

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