Property Details

Price Leasehold $480,000
Property ID 2473554

LEASEHOLD MOTEL FOR SALE– BUSY NORTH COAST CITY

Description: Immaculate brick and tile Motel in prime Main Street location in busy North Coast service city.

AAA Rating: 3.5 star

Construction: 20 units. Two storey brick constriction with tile roof and brick wall partitions. Modern style all generous size units including 2 x 2 bedroom family units. Excellent paintwork & appointments – faultless inspection

Residence: Three bedroom with built-ins. Lounge, dining, bath / toilet, balcony, carport. Spacious and convenient above reception.

Age: Built late 1980s approx.

Clientele: Reps, local workers, groups, passing trade, interstate travellers, tourists.

Land Area: 1/2 acre approx.

Tariffs: Single $98 - $125; Double $110 - $135; Family (4) $144 - $180; Extra person $15.

Chain Affiliation: Yes

Laundry: Domestic heavy duty. Sheets and towels hired. Remainder done onsite.

Restaurant: Yes – 15 seat licensed.

Services: Room service, reverse cycle air-conditioning, microwaves (5), inground salt pool, Foxtel, fire rated.

Lease: Expires March 2037. Rent $120,000p.a.

Turnover: 16/17 $458,731 - 15/16 $440,863

Comment: Inspect with confidence, immaculate presentation. Located in booming coastal city motivate vendor.

MQ Property ID:
2473554


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