FREEHOLD INVESTMENT MOTEL FOR SALE - REGIONAL EDUCATION HUB OF THE NEW ENGLAND - BEST LOCATION IN TOWN
SOLD
Description: Very smart motel - well run and ticks all the boxes. Located in a growing regional city with the BEST LOCATION IN TOWN.
Star Standard: 3½ star
Construction: Brick with colorbond roof and double brick partitions. Very well maintained, spacious and well designed.
Residence: 3 bedrooms with built-in wardrobes in each bedroom, own kitchen, lounge room, dining room, carport and private yard. Large 2 level residence - very spacious and comfortable.
Age: Built 1980
Approx. Land Size: 1,510m2
Lease Expires: 10th February 2025 + 3 x 5 Year Options
Rent: $109,274.90 Per Annum (CPI Increases)
Clientele: Reps, Corporate, Education Department, Tourists
Tariffs: Queen $135; Twin $145; Family (4) $165; Extra Person $20
Chain Affiliation: No
Laundry: Semi-commercial, sheets and towels hired
Services: Room service - breakfast only - semi-commercial kitchen; reverse cycle air-conditioning; microwave ovens, coffee and tea making facilities in rooms; Wifi; open courtyard parking; fire rated.
Turnover: 20/21 $376,400; 19/20 $324,045; 18/19 $448,375
Comment: Rare Opportunity to obtain Freehold Investment Motel. Growing regional area - best location in town. Beautiful property - very well maintained. Spacious, well laid out and spotless throughout. A Must to Inspect!
MQ Property ID:
6748064
Facebook
To receive updates via your Facebook newsfeed please click here, or visit www.facebook.com/ManentiQuinlan and like our page.
Twitter
To follow us on Twitter please click here or visit www.twitter.com/ManentiQuinlan
LinkedIn
To connect on LinkedIn click here or visit www.twitter.com/ManentiQuinlan
- Suburb  
- Region New England - North West
- Property Type Accommodation/Tourism
- Status For Sale