Property Details

Price Leasehold $1,550,000
Property ID 3935832

LEASEHOLD MOTEL FOR SALE- ALL ROOMS RECENTLY REFURBISHED

Description: Major Regional Service City. Prime Central Location. All Single Level. Property includes two natural artesian hot thermal pools which attract a large number of both tourists and visiting trade, along with reps and workers. Ideal business for family or working couple. Currently fully managed business with plenty of growth potential.

Rating: 3.5 star

Construction: 46 units. Single level brick construction with brick partitions and colorbond and cliplock roof. Variety of room sizes - all rooms recently refurbished.

Residence: 1 bedroom with built-in, sitting room, bathroom, courtyard area and covered carport area. Ideal for manager - suit couple. Share motel kitchen.

Age: Built early 1980s

Clientele: Rep and rural workers, tourists, visitors to the thermal spa and passing trade.

Land Area: Approx. 5 acres

Tariffs:
Compact Queen Room: $107-$120
Deluxe Family Room: $143-$160

Chain Affiliation: N/A

Lease: Yes. Rent: $410,210 p.a.

Laundry: Commercial laundry on site. Sheets & slips hired.

Restaurant: Yes

Licenced: Yes

Services: Room Service, Air-Conditioned, 2 Natural Artesian Hot Thermal Pools, 1 Cold Saltwater Pool, Conference Space, Commercial Kitchen, BBQ, fire rated.

Turnover: 16/17 $1,671,646 - 15/16 $1,769,994

Comment: Prime central location for this large single level property. Fully managed business. Lease owner lives interstate. The hot spa pool area is a major attraction for both tourist visitors and corporate travellers. Best facilities in the area. Plenty of growth left in this business.

MQ Property ID:
3935832

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