Property Details

Price Leasehold $715,000
Property ID 4094433

MOTEL LEASEHOLD FOR SALE – BEAUTIFULLY PRESENTED PREMIUM MOTEL IN STRONG MOTEL TOWN

Description: Central West on busy Newell Highway. 30 Unit Corporate Motel in prime location with very well landscaped grounds and gardens. Property is very popular with both corporate and tourist travellers. The building is extremely well built and maintained. Property has a 19 year lease in place. Landlord will sell freehold on request. This area is the freight hub for NSW so is very busy year round.

Star Rating: 4 star

Construction: 30 units. Single storey brick construction with tile roof and brick wall partitions. Exceptionally well maintained. Large, modern and in very good condition with a mix of bedding configurations.

Residence: Two bedrooms with built-ins. Kitchenette, combined lounge /dining / kitchen; bath / shower / toilet, carport. A larger style 2-bedroom residence with ample space for a small family or couple.

Age: Built 1988 / 2008

Clientele: Local workers, trade people, transport operators, tourists, passing trade.

Land Area: 3,000m2 Approx..

Tariffs: Single $135 - $145; Double $150 - $165; Family (4) $210-$220; Extra Person $20

Chain Affiliation: Comfort Inn

Laundry: Full Commercial Equipment. All linen hired.

Restaurant: 55 Seat, Licenced

Services: Room service, split system reverse cycle air-conditioning, inground salt pool, barbecue, microwave ovens, function facilities, parking open in front of units, guest laundry, fire rated.

Lease: Expires 2037. Rent $300,000 per annum

Turnover: 16/17 $912,000

Comment: Beautifully presented premium motel in a strong motel town. Well-appointed with fantastic repeat trade. Modern and freshly appointed rooms with excellent income makes this a very desirable property.

MQ Property ID:
4094433


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