MOTEL LEASEHOLD FOR SALE - IMMACULATE CONDITION IN PRIME LOCATION

SOLD

Description: Single level brick and tile building in immaculate condition. Medium sized units with quality appointments. Spotless presentation. Prime location with good exposure to passing trade.

Star Standard: 3.5 star

Construction: Single level brick and tile with double brick wall partitions. 16 units - very well maintained - modern.

Interior: Medium size units. Good quality appointments, spotless presentation.

Age: 35 years

Residence: Excellent lessee on-site accommodation. Huge residence - spacious and very comfortable family home. One of the best motel residences you will see. 5 bedrooms, lounge, dining, kitchen, shower, toilet, internal wood heater, private yard, lock –up garage. An excellent family residence.

Clientele: Strong worker trade, main roads, telecoms, railways and mining etc. Some tourist and equine business. Limited accommodation in the area. Preferred motel for major contract works.

Land Area: 2,361m2

Tariffs: Single $120-$125; Queen $125; Twin $135; Family $165; Extra Person $15

Chain Affiliation: No

Turnover: 2018/19 $461,268; 2017/18 $424,466; 2016/17 $363,108

Lease: Expires 2025 with an option of another 4 x 5 years

Rent: $108,133.50 (23.44% T/O) (2018/19 Year)

Laundry: Commercial equipment. 2+ changes of linen in 'as new' condition laundered on site.

Restaurant: No

Services: Room service continental breakfast, reverse cycle air-conditioning, in-ground pool, BBQ, wifi, Foxtel, cooking facilities 6 rooms, open courtyard parking, fire rated.

Comment: A good quality motel with excellent residence – limited opposition. Located in rapidly growing wine growing and horse breeding area. Strong rail, road and mine business. Discussions underway about underground mining and huge wind farm in this area.


MQ Property ID:
5637965


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