MOTEL LEASEHOLD FOR SALE - NEWELL HWY LOCATION

SOLD

Description: Newell Highway. 24 units plus 2 self-contained flats in cottage. All single level. Ideal rep & coach trade. Property on large block with strong growth potential. Property in very good condition.

AAA Rating: 3.5 star

Description of Interior: Variation of unit sizes from good medium to very large units including a number of large family units with quality appointments

Residence: 4 bedroom, 2 with built ins, sitting room, 2 bath/toilets, laundry, kitchen. Joins reception.

Clientele: Reps & local workers, interstate travellers, coach business.

Tariffs: Single/Double $88 - $109; Family (4) $129 - $159; Extra Person $15

Chain Affiliation: No

Lease: Yes - New 30 Year

Rent: $60,000 + GST Per Annum

Laundry: Commercial / Heavy Duty Domestic. All linen owned and done onsite. 2-plus changes. Coin operated guest laundry available.

Kitchen: Full commercial kitchen - excellent equipment - walk-in cool room.

Restaurant: Yes - 48 plus Alfresco area with licensed bar.

Services: Room service, split system reverse cycle air conditioning, cooking facilities in 3 rooms, covered gas BBQ in pool area, fire rated.

Turnover: 16/17 $200,000 - 15/16 $379,447 - 14/15 $379,262 net GST

Occupancy: 40% approx.

Comment: Motor Inn on large land block – excellent opportunity for working family to improve. Ideal for coach and group trade. Strong town on Newell Hwy.


MQ Property ID:
3936618


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