Property Details

Price Leasehold $425,000
Property ID 4093612

MOTEL LEASEHOLD FOR SALE – STRONG PERFORMER IN CENTRAL NSW - MAIN HIGHWAY LOCATION

Description: Central NSW - 18 Unit B&B Motel. All Single Level. Main Highway Location. Room for expansion in future. Nicely presented. Long Lease in place with fantastic rent to turnover. A motivated new owner can still grow the trade a lot further. Ideal business for couple to operate.

Star Rating: 3.5 star

Construction: 18 units. Single storey brick constriction with cliplock roof and plaster wall partitions. In very good condition and maintained well. Medium sized rooms with some tasteful furnishings and modern touches.

Residence: Three bedrooms with built-ins. Large kitchen, separate lounge, dining / office, 2 bathrooms, toilets. Large, modern family residence with large bedrooms and massive lounge area. Reception adjoining.

Age: Built mid 1970s approx.

Clientele: Workers, passing trade, truckies, reps.

Land Area: 3,600m2 Approx..

Tariffs: Single $92 - $99; Double $92 - $99; Family (4) $130-$172

Chain Affiliation: No

Laundry: Full Commercial. All linen hired.

Restaurant: N/A, Not licenced, breakfasts only

Services: Reverse cycle air-conditioning, inground salt pool, Foxtel - 8 channels, gas barbecue, parking open in front of units, free guest laundry, fire rated.

Lease: Expires 2040. Rent $64,259 per annum incl.

Turnover: 16/17 $365,125 - 15/16 $350,586

Comment: Nicely presented with a spectacular family residence. Tastefully decorated with quality furnishings. A strong performer in a strong Newell Highway Town. Fantastic rent and a wonderful opportunity for a motivated operator.

MQ Property ID:
4093612


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