Property Details

Price $850,000
Property ID 2661313

MOTEL FOR SALE– UPPER HUNTER ONE MOTEL TOWN

Description: Upper Hunter. One motel town. Operated by single lady. Consistent year round trade. Very sound construction with good room variations. Excellent opportunity for working couple to improve trade.

AAA Rating: 2.5 star high – self rated

Construction: 12 units + 3 back rooms. Single storey brick and besser block construction with some fibro, besser block wall partitions and corrugated iron roof.

Residence: 2 bedrooms, 1 with built-ins. Lounge/dining, bath / toilet, share kitchen, carport, kitchenette. Very good standard – near reception. Variation of unit sizes including 3 x 2 room suites and 3 extra unofficial Budget bunk rooms at the back. Clean & well maintained appointments with new flat screen televisions.

Age: Built 1972 – 1976 approx.

Clientele: Local workers, Telstra, RTA line markers, passing trade.

Site Area: 1 acre plus approx.

Tariffs: Single $88; Double $145; Family (4) $145; Extra Person $15

Chain Affiliation: No

Laundry: Full commercial equipment. All linen owned and done onsite. 2 plus changes in new to good condition.

Restaurant: No

Services: Room service breakfast, split system reverse cycle air-conditioning, gas BBQ, fire rated.

Lease: No

Turnover: 15/16 $143,311 - 14/15 $162,245 - 13/14 $184,545 - 12/13 $190,776 - 11/12 $218,693

Comment: Only motel in very strong rural town in the Hunter Valley region – sound return trade. Large cash component. This motel requires a working couple and TLC.

MQ Property ID:
2661313


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