MOTEL FOR SALE - BUSY NEW ENGLAND LOCATION
SOLD
Description: Description: Busy highway location in New England. As solid as the day it was built. Fresh paint work. Superbly refurbished with quality appointments throughout. Medium unit sizes. A very unique property.
AAA Rating: 3.5 star
Construction: 15 units. Single level brick with iron roof and brick and block wall partitions. Variation of unit sizes refurbished throughout with quality appointments.
Age: Built 1970 - 1978 approx.
Clientele: Reps, local workers, passing trade, mining trade
Residence: 3 bedroom, 2 with built-ins, 1 with ensuite, large lounge/dining, bath/toilet, 2nd toilet, lock-up garage. Convenient and roomy with wood heater and new air-conditioner – joins reception
Land Area: 1.5 acre approx.
Tariffs: Single $70 - $110; Double $80 - $120; Family $140; Extra Person $10 - Incl. Continental Breakfast
Chain Affiliation: No
Laundry: Heavy duty commercial. Sheets hired – remainder owned on site.
Restaurant: 50 seat - continental breakfast only
Services: Split system reverse cycle air conditioning, gas BBQ, undercover parking, fire rated.
Lease: No
Turnover: 2017/18 $352,368; 2016/17 $326,807; 2015/16 $234,429 (10 Months); 2014/15 $306,098 net GST
Occupancy: 73% approx.
Comment: Very tidy single level motel. Good highway exposure in busy New England centre. A huge upside here. Good forward bookings and regular repeat trade. New to the market - Great inspection
MQ Property ID:
3238613
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- Suburb  
- Region New England - North West
- Property Type Accommodation/Tourism
- Status For Sale