Property Details

Price Leasehold $350,000
Property ID 3523152


Description: Under 3 hours from Sydney. Immaculately presented single level brick Motel. Easy operation for couple to operate. Long term lease. No expense currently required. Inspection a must for serious buyers.

AAA Rating: 3.5 star

Construction: 14 units. Single level brick construction with Colorbond roof and brick wall partitions. Good medium size units & bathrooms + 1 Spa unit. Quality appointments well maintained.

Residence: 3 bedrooms, 1 ensuite and walk-in robe-in, 2 built-in robes, lounge/dining, bath, toilet, double lock-up garage. Excellent, convenient residence – joins & above reception

Age: Built mid 1990s approx.

Clientele: Reps, mine workers, rural workers, passing trade, sporting events.

Land Area: 3/4 acre

Tariffs: Single $89; Double $99; Twin; $110; Family (4) $130; Spa $140; Extra Person $10

Chain Affiliation: No

Lease: Expires October 2038 (21 years). Rent $8,248.62 per month incl GST.

Laundry: Heavy duty commercial. All linen hired.

Restaurant: No

Services: Room service breakfast, reverse cycle air conditioning, microwaves, fire rated.

Turnover: 15/16 $302,402 - 14/15 $276,389 - 13/14 $295,382

Occupancy: 60.5% 2015-2016 approx.

Comment: Modern attractive Town Centre motel with excellent residence – Quality Inspection

MQ Property ID:

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