MOTEL - ADJACENT TO THE WATER

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Description: Close to Sydney. Adjacent to the water, short walk to club. B&B motel. Immaculate inspection. Not a cent to spend.
AAA Rating: 3½ star.
Construction: Two level double brick with clip-lock roof, concrete slab foundations, and brick wall partitions. Medium to large rooms. 4x family rooms. Very well furnished. Paintwork as new.
Residence: 5 bedroom all with built-ins, large private yard with deck & BBQ, private kitchen, 2 bathrooms, 2 lounges, double lock-up garage. Very large 2-level residence. Top floor can be closed off and let as 2 units if not required.
Age: 25 - 30yrs
Clientele: Corp trade, workers, tourists, golf groups, water sports, local functions (weddings, birthdays etc)
Land Area: 2390sqm approx.
Tariffs: Single $110 - $145; Double $120 - $145; Family $180 - $250; Extra person $20
Chain Affiliation: Yes
Lease: No
Laundry: New commercial washers (2), 1 x dryer, all linen done onsite. Linen as new.
Restaurant: No. Short walk to club.
Services: Room service breakfast, new flat screen TV, 14 units with microwaves, BBQ area, pool, new gas hot water service, fire rated.
Turnover: $364,165 2008/2009. Nets $230,000 after add backs.
Occupancy: 50% approx.
Comment: Excellent presentation and well run motel showing consistent growth in income. This area is growing strongly in both population and business. Across the road from waterfront park and only a short walk to club facilities.