LARGE MOTOR INN IN VERY POPULAR CENTRE

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Description: Outstanding opportunity. LARGE MOTOR INN IN VERY POPULAR CENTRE. Good distance from Sydney. Property needs work but has some refurbishments already completed. Would show great capital gain once completely refurbished.
AAA Rating: 3 star
Construction: Concrete and brick. All single level. Iron roof and concrete room partitions. Good variation of room sizes and configurations. Current owner has done some upgrading.
Residence: 2 bedroom, lounge, bathroom, small yard. Suitable for couple.
Age: Late 60's
Clientele: Reps, local workers, tourists, passing trade, groups.
Land Area: 1.7ha approx.
Tariffs: Single $75 - $99; Double $85 - $109; Family (4) $99 - $123; Extra person $12
Chain Affiliation: Yes
Lease: No.
Laundry: Commercial heavy duty. All owned. Guest laundry.
Restaurant: 60 seat, separate bar area, only used for groups.
Services: Room service, air conditioned, pool, BBQ, play ground, DD phones.
Turnover: $550,000 2008/2009
Occupancy: Unknown.
Comment: Older motel in prime location. Strong year round tourist and business trade. Ideal for group trade. Refurbish into an outstanding property.

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