Property Details

Price Leasehold $700,000
Property ID 3949668

MOTEL LEASEHOLD IN BUSY RIVERINA CENTRE - NEW TO MARKET

Attractive Motor Inn with good residence

Rating: 3.5 star

Construction: 20 units. Single storey cedar clad with colorbond roof and brick wall partitions. Attractive and in excellent condition. Medium to large units with quality appointments - modern bathrooms in good condition.

Residence: 2 bedroom with built-in wardrobes. Lounge/dining, bath/toilet. Private yard with deck. Good family residence - joins reception.

Age: Built 1991 approx.

Land Area: Half acre approx.

Tariffs: Single $110; Double $125; Family of 4 $200; Extra Person $15

Chain Affiliation: N/A

Lease Expires: July, 2038

Rent: $9,280 per month incl. GST

Turnover: 2016/17 $426,942; 2015/16 $440,301 net GST

Laundry: Domestic. All linen hired.

Restaurant: N/A

Services: Room service (breakfast), split system reverse cycle air-conditioning, gas barbecue, parking in front of units, fire rated.

Occupancy: 52% approx.

Comment: Single level B&B motel. Joins major club in busy Riverina Centre. Quality 3.5 star standard accommodation. Very easy to operate and maintain. First time offered in many years. Currently managed business. Plenty of improvement in this business.

Clientele: Reps, interstate travellers, workers, tourists.

MQ Property ID:
3949668

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