MOTEL FOR SALE- LARGE B&B IN REGIONAL SERVICE CENTRE

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Description: Large B&B motel in regional service centre. Stunning business. First time listed in nearly 20 years. Immaculate inspection. Strong mix of trade. Close to the coast. Don't miss this property.
AAA Rating: 3½ star

Construction: Single storey rendered brick with concrete slab foundations, tiled roof, and brick wall partitions. Refurbished to pristine standard with quality modern appointments. Good variation of unit sizes including 2 bedroom suites.

Residence: 3 bedroom, 2 with built-ins, private kitchen, lounge, dining, laundry, bathroom and private yard. Good family home - joins reception.

Age: Built 1978 - 1991 approx.

Clientele: Reps, workers, tourists, group travel, passing trade.

Land Area: 6,013sqm approx.

Tariffs: Single $115; Double $130; Family (4) $165; Extra Person $11

Chain Affiliation: No

Lease: New 30 year term. Rent $187,000p.a.

Laundry: Domestic onsite. Linen hired.

Restaurant: No

Services: Guest laundry, breakfast room service, indoor heated pool, WiFi, Foxtel, reverse cycle air conditioning, fire rated, BBQ.

Turnover: $754,716 2010/2011; $643,440 2009/2010.

Occupancy 73% approx.
Comment: Immaculate B&B Motor Inn in strong South Coast service centre. CBD location. Huge land area. First time offered for sale. In excess of $600,000 has been spent on renovations over the last 3 years. When only the best will do!

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