MOTEL FREEHOLD INVESTMENT FOR SALE - STRONG CORPORATE TRADE

SOLD

Description: Major regional city with strong corporate trade. Quality building. Very sought after area.

Star Standard: 3½ star.

Construction: Single level double brick with colorbond roof and double brick wall partitions. Good variation of room sizes.

Residence: Medium sized 2 bedroom with built-in wardrobe to master - adjacent to reception. Kitchenette, dining, lounge, shower, toilet, carport

Age: 1987

Clientele: Corporate, armed services, travelers, tourist, weekend sport & social events.

Land Area: 3,248.7m2

Tariffs: Single $75- $80; Double $90- $105; Family $155; Extra Person $15

Chain Affiliation: Yes

Lease: 18 years. Rent $117,000 + GST per annum

Laundry: Commercial laundry, linen all hired, guest laundry.

Restaurant: 20-30 seat (closed). Licensed: Yes. Room service: Monday to Thursday.

Services: Air-conditioned, In-ground pool, BBQ, Foxtel 10 channels, fire rated.

Turnover: $389,000 excluding GST 2016/17

Occupancy: 50% approx. 2016/17; 61% approx. 2015/16

Comment: Tidy, nicely presented ground floor complex. Motivated owner operator will further develop business. Very busy motel city with huge potential for increases in trade. On major highway and near large government facility. Offers major possible income drivers.

MQ Property ID:
4191350


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