MOTEL FOR SALE- NEW ENGLAND HIGHWAY

SOLD

Description: Very attractive New England Highway frontage motel.

AAA Rating: 3½ star

Construction: 24 unit, all single level brick & tile with brick wall partitions. Medium to good medium size units - very clean and well maintained - paint good. Current owners have refurbished 7 units. Very solid construction.

Residence: 3 bedroom, all with built-ins, own kitchen, lounge, dining, bathroom, carport and private yard. Lots of space - joins reception

Age: Built 1983 approx.

Clientele: Reps, tourists, passing trade, workers.

Land Area: 1/2 acres approx.

Tariffs: Single $85 - $160; Double $95 - $160; Family (4) $120 - $185;

Lease: 30 years remaining. $80,000per annum plus GST

Laundry: Heavy duty equipment. Linen & towels hired - hand towels, bathmats, face washers owned - on site

Restaurant: No

Services: Room service breakfast, pool, BBQ, microwaves (12 units), DD phones.

Turnover:16 Aug/Jan 15 $206,649 inc GST; 2012/2013 $251,410; 2011/2012 $275,519

Occupancy 38% declared

Comment: Very attractive New England Highway frontage motel.

MQ Property ID:
845095


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