Property Details

Price Leasehold $950,000
Property ID 3796434

LEASEHOLD MOTEL FOR SALE- THRIVING REGIONAL CITY

Description: One of NSW’s best regional cities. This property has a prime location within easy walking distance to city amenities. Two level construction with strong corporate and group trade. Business has been fully managed and has strong upside for owner operator. Rarely do properties come available in this sought-after city.

Rating: 3.5 star

Construction: 30 units. Two storey brick construction with tile roof and brick wall partitions. Good roomy units, excellent paintwork & appointments of high standard. Very solid brick & tile construction – attractive – new paintwork.

Residence: 2 bedroom with built-in wardrobes. Lounge/dining, bath/toilet, laundry, private yard, double carport. Very roomy & convenient – joins reception.

Age: Built 1982 approx.

Clientele: Popular with work groups, trade workers, groups, tourist and interstate travellers.

Land Area: 3/4 acres approx.

Tariffs: Single $129; Double $135; Family (4) $169 - $189; Extra Person $15

Chain Affiliation: No

Lease: Until April 2040. Rent $20,166.85 per month incl GST

Laundry: Full commercial. Sheets & slips hired – remainder owned and done on site

Restaurant: 50 seat with licensed bar

Services: Room service, split system reverse cycle air-conditioners, in-ground pool, fire rated.

Turnover: 16/17 $783,372 Net GST

Occupancy: 60% approx.

Comment: Excellently presented Motor Inn, close to City Centre. Good rep and coach trade. Motel is run under full time management.

MQ Property ID:
3796434

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