MOTEL FOR SALE- NEW NORTH COAST LEASE CITY LOCATION

SOLD

Description: New North Coast lease. City location B&B only. Good mix of corporate & passing trade. Solid brick & tile construction. This is priced to sell.

AAA Rating: 3½ star

Construction: Brick and tile mostly single level. Two units upstairs. Concrete slab foundations with brick wall partitions. Good variation of unit sizes with good quality appointments. New paintwork. Spotless presentation.

Residence: 4 bedroom, 3 with built-ins, private kitchen, large living room, bathroom, lounge, private courtyard and carport. Good roomy and convenient family residence. Joins and above reception

Age: Built 1984

Clientele: Corporate trade, passing travellers and tourist trade.

Land Area: 2063sqm approx.

Tariffs: Single + Double $75- $85; Family (4) $110; Extra Person $10 - $15

Chain Affiliation: No

Lease Expires: Nov-2040. Rent $68,520 per annum plus GST

Laundry: Heavy duty commercial. All linen done onsite.

Restaurant: N/A

Services: Room service breakfast, microwaves, in ground pool, reverse-cycle air-conditioning, BBQ, ISD STD phones, fire rated.

Turnover: 13/14 $280,000 - 12/13 250,4495 - 11/12 $215,188 - 10/11 $210,000 net GST

Occupancy: 50% approx.

Comment: Long lease 27 PLUS years. Excellent presentation - excellent landlord. Not to be missed. Huge potential.


MQ Property ID:
845107


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