MOTEL - MID-NORTH COAST

$0

Description: Pacific Highway, Woolgoolga. 10 units plus self contained apartment in prime growth region.
AAA Rating: 3 Star.
Construction: Brick and tile with brick petitions
Residence: 2 bedroom with built-ins. Large lounge & dining area. 2 x bath / toilet. Share motel kitchen and storeroom adjoins. Reception office area.
Age: 1975 approx.
Clientele: Passing trade and holiday people.
Land Area: ½ acre.
Tariffs: Permanently letting self contained apartment $135p.w
Single $52-$75; Double $55-$75; Family $85-$120; Extra Person $10
Chain Affiliation: Budget Group
Further Development: Possible with extra block of land available next door.
Services: Breakfast, ISD STD
Turnover: $100,000
Occupancy: 45%
Comment: This property has not been marketed for many years and has mostly been run by a single male. There is tremendous up side to this motel with growing number holidaying in Australia and traveling north. Turnover must increase and value will continue to grow.