Property Details

Price Leasehold $315,000
Property ID 3912675

LEASEHOLD MOTEL FOR SALE– NEW ENGLAND HWY POSITION

Description: Fantastic New England Highway position. Only decent accommodation in an area with major commercial growth under development. All ground floor units on large land area. B&B only with restaurant next door.

AAA Rating: 3.5 star

Construction: 20 units. Single storey double brick with brick wall partitions and cliplock iron roof. 15 units good medium size, 5 large units, small bathrooms. All units very clean and well appointed. Current owners have been refurbishing – beds, fridges, microwaves, chairs & tables, flat screen televisions.

Residence: 5 bedroom , 3 with build-ins, 2 lounge rooms, dining, 2 bath/toilet, laundry & office, private yard. Very large 2 storey, well set out & convenient family residence.

Age: Built 1977 - 1983 approx.

Clientele: Local worker and rep trade, visiting tradies, passing interstate travellers.

Land Area: 6,490sqm approx.

Tariffs: Single $90; Double $100 - $120; Twin: $120; Family (4) $120

Chain Affiliation: No

Laundry: Heavy duty in residence. All linen owned and done onsite. 2 plus changes in very good to new condition.

Restaurant: No. Next door.

Services: Room service, split air-conditioning, microwaves in rooms, undercover parking, Gas BBQ, fire rated.

Lease:: Yes - New 30 years. Rent $72,000 + GST

Turnover: 2016/2017 $245,455

Comment: Well-kept Country Motel, New England Hwy frontage, but very quiet units. Outstanding family residence. Excellent modern licensed restaurant next door.

MQ Property ID:
3912675


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