MOTEL LEASEHOLD FOR SALE - MAJOR REGIONAL CITY - RIVERINA REGION

$1,000,000

Description: Modern style brick and tile motel on acres, with very good residence. Eight-minute drive to the heart of town. Very convenient location, excellent presentation and modern amenities including pool.

Lease Term: New 30 Year Lease

Rent: $150,000 Per Annum

Turnover: 2022/23 $623,929.45; 2023/24 over $600,000

Star Standard: 3 Star

Construction: Single level brick construction with brick partitions and tile roof. 15 spacious rooms all with kitchens, which is ideal to attract longer staying guests.

Residence: Large free standing, 3 bedroom family residence. All bedrooms with built-in wardrobes, master with ensuite. Lounge, dining, breakfast room, bathroom, verandah, private yard, 4 car lock-up garage. Domestic kitchen in residence. Gas heating, reverse cycle air-conditioning plus evaporative cooling.

Age: Build 1981

Land Area: Approx. 5 Acres

Tariffs: From $160 Per Night

Chain Affiliaton: N/A

Restaurant: N/A - Close to Pubs, Restaurants and Cafes

Laundry: Motel Laundry in separate building. Guest Laundry

Services: Reverse cycle air-conditioning; pool; barbecue; extensive gardens; Wifi; parking at front of units

Occupancy: over 80%

Comment: Excellent motel. Rates very well on line and could be further enhanced with reinvestment to drive rate growth. Inspection is recommended.

MQ Property ID:
1P2807