MOTEL FOR SALE - EOI - LOCATION! LOCATION! LOCATION!

SOLD

Description: Well presented corporate B&B Motel in one of NSW strongest regional cities. Walk to clubs, hotels, shops & restaurants. 4kms to CBD, 2kms to beaches.

Star Standard: 4 Star

Construction: Two storey brick with brick wall partitions and cliplock flat roof. First class presentation. Stripped back to bare concrete and fully rebuilt in last two years. Medium size units. Rooms have been professionally decorated to a very high standard. Delightful inspection.

Age: Built 1968 - stripped back to bare concrete and fully rebuilt in last 2 years.

Clientele: Corporate, Sporting Groups, Beach & Short Break Trade Weekends

Occupancy: 80% approx.

Land Area: 1,900 sqm approx.

Tariffs: Single $140 - $170; Double $140 - $170; Family $170 - $220; Extra Person $20

Chain Affiliation: No

Lease: No

Laundry: Commercial on Site - 2 changes of linen in 'as new' quality

Restaurant: No - restaurant next door. Commercial Kitchen - Room Service breakfast only

Services: Room service - Breakfast, reverse cycle air-conditioning, pool, pay TV, wireless broadband, Foxtel, ISD STD telephones, parking at front of motel, fire rated.

Turnover: $1,288,474 - 2018/19; $1,369,687 - 2017/18; $1,265,485 - 2016/17; $1,134,692 - 2015/16 exclusive of GST

Residence: 2 bedroom with built-in wardrobes, lounge, dining, bathroom, small day room downstairs, double lock-up garage.

Comment: Great opportunity to purchase a real money maker. Room for occupancy and tariff growth. Highly sought-after location.

Expressions of Interest close 4pm 13th November, 2019

MQ ID: 4319719


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