INVESTMENT MOTEL FOR SALE- LARGE CORPORATE MOTOR INN
SOLD
Description: Large corporate motor inn in prime location 4 hours from Sydney. Very well constructed building. Ideally suited for group trade as well.
AAA Rating: 3½ star
Construction: Concrete slab foundations with concrete block walls and wall partitions, and clip-lock iron roof. Medium sized units. All with ensuites. 6 x large 2 bedroom units. All recently upgraded. Very solid construction. Paintwork in good order.
Residence: 2 bedroom with built-ins, large living area, bathroom, private yard and double lockup garage. Suit couple or small family.
Age: Built 1963 approx.
Clientele: Reps, workers, tourists, sporting trade, fishing, group tours.
Land Area: 3½ acres
Tariffs: Single $120 - $150; Double $125 - $162; Extra person $20 - $25
Chain Affiliation: No
Lease: 27 year term. Rent $267,273
Laundry: Owned onsite. All linen done onsite.
Restaurant: 200 seat licensed restaurant, cocktail bar & lounge.
Services: Room service, pool, guest laundry, drying room, gas BBQ, function room, central heating, fire rated.
Turnover: $267,273 rental payment, CPI adjusted.
Occupancy: 48% approx.
Comment: Very large corporate and tourist complex. Present owners have done a lot to upgrade the property and business. Current tenant has been in the business for the past 3 years.
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- Suburb  
- Region Capital Monaro & Snowy
- Property Type Accommodation/Tourism
- Status For Sale
- Property ID 1937087