Property Details

Price Leasehold $595,000
Property ID 4003328

MOTEL LEASEHOLD - STUNNING INSPECTION - WEALTHY FARMING & CROPPING SERVICE CENTRE

Stunning inspection and prominent location in wealthy farming and cropping service centre. Single level. Easy access to all town amenities. Long 25 year term with very low 20% rent to turnover. Amazing street appeal. Not a cent to spend. Priced to sell with a 38% yield to tenant. You won't see better than this.

Rating: 3.5 star

Construction: 22 units. Single storey construction with tile roof and brick wall partitions. 1985 construction - great presentation.

Interior: Medium sized units and bathrooms with appointments of good quality in spotless condition.

Residence: Very tidy residence conveniently located adjoining and above reception. 2 bedrooms with built-in wardrobes. Kitchenette, lounge/dining, bath/toilet, sitting room downstairs. Outdoor entertainment area and lock-up garage.

Age: Built 1985

Land Area: 2,017 metres square approx.

Turnover: 2016/17 $552,271; 2015/16 $503,589; 2014/15 $456,301; 2013/14 $440,867 net GST

Tariffs: Single $110; Double $120; Family of 4 $140-$170; Extra Person $10

Chain Affiliation: N/A

Lease: 25 Year Lease

Rent: $10,577.61 per month incl. GST

Laundry: Full Commercial. Queen sheets hired - remainder owned on site. 2+ changes of linen in excellent condition. Guest laundry service available.

Restaurant: 18 seat - in-house guests only.

Services: Room service, reverse cycle air-conditioning, gas barbecue at pool, in ground salt pool, parking in front of units, fire rated.

Occupancy: 70% approx.

Comment: Very attractive motor inn - excellent location in strong major centre - Newell Highway.

Clientele: Agricultural Workers, Reps, Tourists, Interstate Travellers, Grey Nomads.

MQ Property ID:
4003328

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