Property Details

Price $4,000,000
Property ID 844926

MOTEL FOR SALE - MAJOR REGIONAL CITY

Description: Large B&B motel in major in major regional city location. Excellent year round corporate and worker trade plus tourist business. Huge future opportunity with plenty of development potential.

AAA Rating: 3-3.5 star

Construction: All single level brick & rendered block, colorbond and clip lock roof and concrete foundations. Units are all generous to very large with good sized bathrooms. Excellent standard including 4x 2 bedroom units with kitchenettes. Property has undergone extensive renovations throughout.

Residence: 4 bedroom with built-ins. Own kitchen, lounge/dining, bathroom, laundry, private yard, ducted air. Excellent owner operator accommodation. Extra 2 bedroom managers flat available.

Age: 30 years approx.

Clientele: Strong corporate, local workers, tourists, sporting group

Land Area: 10,000 approx

Tariffs: Single $99 - $160; Double $105- $160; Family (4) $160; Extra Person $20

Chain Affiliation: No

Lease: No

Restaurant: Yes - dining room for groups.

Services: Room service breakfast, pool, gas BBQ, reverse cycle air condition, cooking facilities (6 units), microwaves (11), fire rated, internet, Austar.

Turnover: 2017 493,728 while under construction

Occupancy: 55% approx.

Comment: Large B&B motel currently family operated. Set back from highway on very large land area. Excellent owner accommodation. Great long term investment. Excellent development potential. All the work is done - now trade and bank the money.

MQ Property ID:
844926


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