MOTEL LEASEHOLD FOR SALE - STUNNING OCEAN VIEWS
SOLD
Description: Centrally located motel in sought-after coastal area, adjacent to club with stunning ocean views. Quality presentation. Very easy to operate.
Star Standard: 4 star
Construction: Brick and tile, two level with concrete slab foundations and brick wall partitions. Pleasure to inspect. Excellent appointments of outstanding quality. Good variation of unit sizes.
Residence: 3 bedroom with built-ins, share kitchen, lounge, dining room, bathroom, double lock-up garage. Very large residence adjoining reception - suit family.
Age: Built 1990
Clientele: Corp Reps, Travelers, Local Workers, Tourists.
Land Area: 2,200sqm approx.
Tariffs: Single $125- $160; Double $125- $160; Family $170- $220; Extra person $20
Chain Affiliation: No
Lease: 20 years to 31 March 2038. Rent $211,898.76 p.a + GST
Laundry: Full commercial equipment. Sheets & towels hired - remainder owned.
Restaurant: No, adjacent to club.
Services: In-ground salt pool, split system air-conditioning, parking in front of rooms, Foxtel, fire rated
Turnover: $843,507 exclusive of GST
Occupancy: 70% approx.
Comment: Town centre. Coastal Area. Magnificent ocean views and well-appointed modern rooms. Fantastic repeat clientele and easy to run B&B accommodation. Healthy turnover and a generous net profit make this a 'must see' property. Eden's best accommodation property.
MQ Property ID:
4485344
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- Suburb  
- Region Far South Coast
- Property Type Accommodation/Tourism
- Status For Sale