Property Details

Price Leasehold $950,000
Property ID 3207449

LEASEHOLD MOTEL FOR SALE- NSW REGIONAL CENTRE

Description: Southern NSW regional centre. This area has limited accommodation and is enjoying extremely strong growth. Trade is very much corporate and government. There is plenty of potential for growth in both tariff and occupancy. This property offers an outstanding opportunity for an owner operator to get above industry returns with the possibility to split the business off in the future. Rarely in the current market does such an outstanding opportunity like this come available.

AAA Rating: 3.5 star self-rated

Construction: 27 units. Two level brick with colorbond roof and brick wall partitions. Variation of unit sizes – very good standard. As new, attractive brick – paint excellent.

Residence: 2 bedroom, all with built-ins and ensuites, huge lounge/dining, private yard. Very large, modern family residence, excellent standard – joins reception.

Clientele: Corporate reps, government, trade workers, travellers, tourists.

Land Area: 3,801sqm approx.

Tariffs: Single $130 - $135; Double $140 - $145; Family from $160; Extra Person $10

Chain Affiliation: No

Laundry: Domestic. All linen hired.

Restaurant: 50 seat – licensed.

Services: Room service, reverse cycle air conditioning, pool, DD phones, guest laundry.

Lease:30 year lease. Price includes all unit refurbishment.

Rent:
$275,000

Turnover: $782,929.36 2015/16 - $735,502.60 2014/15 Net: $444,167.77 2015/16 - $400,302.30 2014/15

Occupancy: 59% approx. calculated.

Comment: Delightfully presented, modern motel. Large rep. trade – excellent residence. Property is set to attract the corporate and professional trade.


MQ Property ID:
3207449

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