MOTEL - MAIN HIGHWAY LOCATION IN BUSY SNOWY TOWN

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Description: Bargain buy. MAIN HIGHWAY LOCATION IN BUSY SNOWY TOWN. New long term lease. This property has huge potential for competent operator.
AAA Rating: 3 star.
Construction: Double brick and tile with concrete slab foundations and floors and brick wall partitions. Medium to large rooms. Budget style accommodation. Will respond well to marketing.
Residence: 3 bedroom managers apartment. Lounge, dining, private kitchen, lock-up garage.
Age: 30yrs approx.
Clientele: Rep + local workers, winter snow business, tourist & groups.
Land Area: 1 acre approx.
Tariffs: Single $60 - $80; Double $65 - $85; Extra person $10 - $15
Chain Affiliation: No
Lease: Long term to be negotiated along with the rent.
Laundry: Commercial onsite. Linen all hired.
Restaurant: Available to be included in lease if required.
Services: Room service breakfast only, self contained apartment, large unit accommodate up to 5, air conditioning.
Turnover: $120,000
Occupancy: 50% approx. - room for strong growth.
Comment: Popular tourist & corp town 1 hour from ski field and close proximity to Canberra. This is a strong trading area. This property will boom with the right marketing. Rare opportunity to start with limited funds.