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