MOTEL LEASEHOLD FOR SALE - HUNTER REGION

SOLD

Description: Great little motel. Ideal for couple starting out in the industry.

Star Standard: 3½ star.

Construction: Single level brick and tile with brick wall partitions in good condition. Average size motel rooms of nice appearance.

Residence: Three bedroom with built-in wardrobes, own kitchen, lounge, dining area, bathroom and 2 carports

Age: 1980

Clientele: Trade Workers, Reps, Interstate Travellers, Tourists

Land Area: 2,000 m2 Approx.

Tariffs: Single $120; Double $125; Family (4) $155; Extra Person $5

Chain Affiliation: N/A

Lease: 19 years. To 2038. Rent $80,000 per annum

Laundry: Commercial laundry - 1 Dryer & 2 Washing machines. Pillow slips and towels owned and laundered on site - all else hired. Two changes of linen. Guest Laundry: $10-$15 per load - dried and folded.

Restaurant: N/A

Services: Air-conditioned, room service, pool - chlorine, BBQ, guest laundry, parking lot, fire rated.

Turnover: $320,000 June 2018 to April 2019

Occupancy: 92%-93%

Comment: Quality brick and tile motel in prime location. Strong mining centre. Very genuine sellers. Ideal entry level motel - easy to operate.


MQ Property ID:
4885521


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