Property Details

Price Leasehold $350,000
Property ID 4026120

MOTEL LEASEHOLD FOR SALE - GREAT SOUTH COAST LOCATION

South coast rural location 10 minutes from the beach. Set on 2 acres of landscaped grounds. Delightful brick and tile construction. Set on the Princes Highway with prominent exposure. Property in excellent condition throughout. Rooms are spacious and well furnished.

Rating: 3.5 star

Construction: 16 units. Double storey brick construction with tile roof and brick wall partitions. Very sturdy and in good condition.

Residence: Large, modern, family residence with plenty of space to relax. 3 bedrooms with built-in wardrobes. Kitchen, lounge/dining, bath/shower/toilet, garage.

Land Area: 5,000 metres square approx.

Turnover: $255,681 excluding GST

Tariffs: Single $100-$160; Double $115-$175; Family $235-$350; Extra Person $15

Chain Affiliation: N/A

Lease Expires: 2037+

Rent: $70,000 per annum

Laundry: Full Commercial. Sheets hired - remainder owned on site. 2+ changes of linen. Coin operated guest laundry.

Restaurant: Coach Groups Only - Licenced

Services: Brand new reverse cycle air-conditioning, 2 x gas barbecues, heated indoor pool, parking in front of units, 16 x kitchenettes, full commercial kitchen.

Occupancy: 48% approx.

Comment: Very tidy motel. Presents well. Great coastal location on a good sized block with a superb indoor pool for year round use. All the hard work has been done. A very consistent performer. Shows good returns with a better lifestyle.

Clientele: Reps and trade workers, passing trade, tourists.

MQ Property ID:
4026120

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