MOTEL - CORP NEWELL HWY MOTOR INN ON ACRES

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Description: Large corporate Newell Hwy Motor Inn on acres. Ideal for passing & coach trade.

AAA Rating: 3-3½ star
Construction: Brick & tile, single level. Partitions besser block. Concrete slab foundations. Presents very well with no obvious movement. Paint work generally very good.
Residence: 2 bedroom with built-ins, own kitchen, lounge/dining, bathroom, private yard plus garage. Good residence. Adjoins reception. Room to expand.
Age: 1976-1986 (10 units)
Clientele: Corp/reps, passing trade, coach/groups.
Land Area: 2 ½ acres.
Tariffs: Single $76 - $85; Twin $95 - $99; Family (4) $105 - $120; Extra Person $15.
Chain Affiliation: N/A
Lease: Expires April 2031. Rent $110,000pa plus G.S.T. Fixed until April 2009.
Laundry: Full commercial all owned. 2 changes. As new
Restaurant: 50 seat - used for coach groups only.
Services: Room service, pool, air-conditioning , DD phones, BBQ, fire rated.
Turnover: $387,864 2006/2007 - $198,436 July - Dec 2007
Occupancy: 35%
Comment: Large single level refurbished motel. Ideal for coach trade. Spacious grounds and good family residence. Strong motel town on Newell Hwy. Room to improve.