MOTEL LEASEHOLD FOR SALE - AMAZING WATERFRONT LOCATION

SOLD

Description: Amazing waterfront location yet walk to all town amenities. High quality accommodation on spacious ground. This property is an outstanding inspection.

Star Standard: 3½ star

Construction: Single storey brick with brick partitions and tile roof in very good condition.

Rooms: Medium sized rooms with a number of sleeping configurations. Seven room types.

Age: Built 1970s / 1980s

Clientele: Strong rep & working clientele plus passing and tourist trade.

Land Area: 3 acres

Tariffs: Single $95 - $139; Double $95 - $149; Family $149 - $220

Lease Term: New 30 Year Lease

Rent: $178,000 per annum

Chain Affiliation: No

Laundry: Commercial dryers & domestic washing machines. 3+ changes of Linen. Linen hired. Towels laundered onsite.

Restaurant: No

Services: Room service from restaurant in town, pool, gas barbecue, Foxtel 8 channels, parking in front of rooms, fire rated.

Turnover: $575,000 (2017/2018); $535,000 (2016/2017) excluding GST

Occupancy: 45% 2017/18

Residence: 3 bedroom with built-ins, 3 garages, large private yard. Delightful and very large. Excellent presentation.

Comment: Popular waterfront motel positioned half way between Sydney & Brisbane. Strong repeat trade. Walk to all town amenities. Easy to operate. Local restaurants service night meals. Highly recommended.

MQ Property ID:
4329882

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