MOTEL - NORTH-WEST NSW

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Description: North-west NSW. Very strong rural centre. 16yr lease. Excellent corporate clientele.

AAA Rating: 3½ Star
Construction: Brick & tile. Single level on concrete slab.
Residence: 4 bedroom - main with walk in wardrobe, 3 with built-ins, small kitchen, lounge, dining, bathroom/toilet, carport. Very roomy and convenient family residence. Joins reception.
Age: Built in 2 stages, 1976 - 1988
Clientele: Corporate reps, passing trade, some tourists.
Land Area: 3257m2
Tariffs: Single $79 - $86; Double $86 - $102; Family $130 - $135; Extra Person $10. Good variation in room sizes. Includes 2 x 2BR units + 10 spa rooms.
Lease: Yes. 16yr Term, Rent $254,382 2005/2006 inc. G.S.T.
Laundry: Full commercial equipment. Condition of linen as new.
Services: Room service, 10 spa suites, 10 undercover parks, in-ground pool, guest laundry.
Turnover: $426,611 (6 months Dec 31, 2006
Occupancy: 75% approx.
Comment: Town centre motel in rich rural town on the Newell Hwy. Large family residence. Strong trading history with solid rep & corporate trade. Coach bookings are increasing.