Property Details

Price Investment $2,750,000
Property ID 3516099

INVESTMENT MOTEL FOR SALE- NORTHERN NSW REGIONAL CITY

Description: Northern NSW regional city. Two level brick with flat roof. 3.5 star self-rated. Long term tenant in place. Excellent mix of trade.

AAA Rating: 3.5 star self-rated

Construction: 30 units. Two storey brick with cliplock roof and brick rendered wall partitions. Good medium to large units with new fitout throughout the property. Appointments as new. Solid Construction - Paintwork As New. Quality Inspection.

Clientele: Reps, workers, hospital trade, passing trade, tourists.

Residence: 1 bedroom with built-in, lounge/dining, bath/toilet. mall manager’s flat type residence

Land Area: half acre approx.

Tariffs: Standard from $121; Family from $198; Exec from $138

Chain Affiliation: No

Laundry: Small with heavy duty washer, commercial dryer. Sheets & Pillow Slips hired; Towels & Bathmats owned & laundered on site.

Restaurant: 50 seat licensed – motel guests only.

Services: Room service breakfast and dinner, central air conditioning, pool, fire rated.

Lease: Expires 30th June 2037.

Rent: $221,000 (2016/2017)

MQ Property ID:
3516099



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