Property Details

Price $4,700,000
Property ID 3891708

MOTEL + TOWNHOUSES FOR SALE- 10 MINS FROM CANBERRA CBD

Description: 10 minutes from Canberra CBD and 3 hours from Sydney. High quality built 32 unit motel plus 5 self-contained strata apartments. Currently a managed business. Has potential for strong growth. Currently restaurant and bar facilities are not used. Occupancy has potential for 25% growth. This property is priced to sell well below replacement.

Rating: 3.5 star

Construction: 32 Unit Motel & 5 x 3 bedroom Townhouses. Two level brick construction with brick wall partitions. Well presented with a good mix of single, double and family rooms.

Residence: 3 bedroom with dining room, lounge room, bathroom, spa ensuite, separate WC, private balcony. Spacious and comfortable residence conveniently located above the office and restaurant.

Age: Built 1990 approx.

Clientele: Mid-week corporate trade, tourists, short break stays, Canberra function and events, interstate travellers.

Tariffs: Single $125 - $160; Double $135 - $180; Family (4) $140 - $220; Extra Person $20

Chain Affiliation: No

Lease: No

Laundry: Full commercial. 2.5 changes linen in excellent condition. Guest laundry available.

Restaurant: Yes; 45 seat licensed for group bookings only.

Services: Room service, reverse cycle air conditioning, NBN internet, microwave ovens, large sealed carpark, fire rated.

Turnover: $1,064,000 2016/17 B&B only

Occupancy: 52% approx.

Comment: Prestigious property, first time offered in over 20 years. Well positioned one block from the main street offers high visibility and walking distance to all town facilities including clubs, hotels, restaurants and shops. Attractive appearance, location and services provided by this executive property have ensured it has enjoyed a long and secure business trading history. Strong repeat corporate clientele along with coach groups, tourists, workers and travellers.

MQ Property ID:
3891708


Facebook
To receive updates via your Facebook newsfeed please click here, or visit www.facebook.com/ManentiQuinlan and like our page.

Twitter
To follow us on Twitter please click here or visit www.twitter.com/ManentiQuinlan

LinkedIn
To connect on LinkedIn click here or visit http://www.linkedin.com/company/manenti-quinlan-&-associates