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

Facebook
To receive updates via your Facebook newsfeed please click here, or visit www.facebook.com/ManentiQuinlan and like our page.

Twitter
To follow us on Twitter please click here or visit www.twitter.com/ManentiQuinlan

LinkedIn
To connect on LinkedIn click here or visit http://www.linkedin.com/company/manenti-quinlan-&-associates

  • Suburb  
  • Region New England - North West
  • Property Type Accommodation/Tourism
  • Status For Sale