Description: Best buy lease on the market. 27 units over $300k T/O. New term. Town centre location in busy rural centre. Quality inspection throughout.
AAA Rating: 3½ star
Construction: Single level brick and tile with brick wall partitions. Solid brick construction, no recent movement. Paintwork in very good condition. Spotlessly maintained with good quality appointments.
Residence: 3 bedrooms, one with built-in, lounge, dining, bathrooms, share kitchen, carport, private yard area available. Good residence, upstairs and above kitchen and reception. 2 air conditioners plus workshop.
Age: Built 1975 - 1983
Clientele: Corp, rep, trade workers, passing trade, tourists.
Land Area: 2094sqm approx.
Tariffs: Single $60 - $70; Double $70 - $80; Extra Person $10.
Chain Affiliation: No
Lease: New 30 year lease. Rent $80,000 plus GST.
Laundry: Commercial on site. Linen all owned (as new).
Restaurant: No
Services: Room services, BBQ, in-ground pool, all units have microwaves, covered parking, ISD/STD phones, fire rated.
Turnover: $314,171 2009/2010; $331,307 2008/2009
Occupancy 48% approx.
Comment: Large single level motel. Excellent presentation. Strong north-west centre on Newell Hwy. Brand new lease. Great landlord. Income rapidly increasing.
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