MOTEL AUCTION - WESTSIDE MOTOR INN, ASHFIELD

SOLD

MOTEL AUCTION THURSDAY 2ND AUGUST, 2018

Description: First time offered in 20 years. Prime location 10 minutes from Sydney CBD. Close to all amenities. Enjoys very strong year round occupancy - room to increase tariffs in the future. Genuine vendor. Book your inspection and don't miss out.

Star Standard: 3.5 Star

Construction: Double storey brick with flat cliplock roof. 35 Small to medium rooms, very well maintained, tastefully decorated and fully refurbished in the last two years.

Age: 1964

Clientele: Tradies, Reps, Hospital, Visitors

Land Area: 1,371 sqm approx.

Land Value: $3,990,000

Zoning: R3 Medium Density Residential

Development Height: 12.5m

Tariffs: Single $110 - $116; Twin $110 - $116; Extra Person $10

Chain Affiliation: No

Lease: No

Occupancy: 80%

Laundry: Commercial Laundry Facilities. Guest Laundry.

Restaurant: No. 200m to Wests Leagues, Ashfield

Services: Air conditioned; free parking at front of units; free wi-fi; free luggage storage; fully fire rated; 100m to Leagues Club; walk to train station.

Turnover: 2016/17 $908,258

Residence: Fully managed. Manager lives on site in one bedroom apartment above reception.

Comment: Excellent trader in highly sought-after area. Call now.

MQ Property ID:
4341883

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