MOTEL / FUNCTION CENTRE LEASEHOLD FOR SALE - BEAUTIFUL PRESENTATION - CLOSE TO SYDNEY

SOLD

Description: Attractive single level motel/function centre in beautiful southern highlands position close to Sydney. Great mix of corporate and leisure clientele. Perfect wedding venue.

Star Standard: 3.5 star

Construction: 25 units. Single storey besser block construction with colorbond roof and brick wall partitions. Medium to large tastefully appointed rooms.

Age: Built 1984 and 1990s

Clientele: Trade Workers, Weddings & Functions, Country People Visiting Sydney, Interstate Travellers.

Land Area: Approx. 5 acres

Tariffs: Single $110 - $135; Double $110 - $135; Family $170 - $185

Chain Affiliation: No

Lease: 25 Year Lease

Rent: $130,000 per annum incl. GST

Laundry: No - All Linen Hired - Alsco.

Restaurant: Yes - Licensed restaurant - sub-leased

Services: Full Commercial kitchen, room service, split system air-conditioning, 2 gas BBQs, parking in front of units, fire rated.

Turnover: 2017/18 $649,715; 2016/17 $583,181; 2015/16 $623,374 B&B Only

Occupancy: 64% +

Residence: 1 bedroom plus study. Kitchen/ lounge/dining; shower, toilet. Small to medium sized residence - neat and tidy.

Comment: Lots of money spent on this property. Bathrooms nearly all refurbished. Beautifully manicured grounds. Leased restaurant and function centre - perfect wedding venue. Great presentation. Great trading figures. Great motel!

MQ Property ID:
4357944


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