MOTEL - NEWELL HIGHWAY

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Description: Fully refurbished property on Busy Newell Highway. Long new lease. Ideal starter.
AAA Rating: 3½ star.
Construction: Single level besser block construction with clip-lock iron roof, concrete foundations and besser block room partitions. Very sound, no moving or cracking. Paint work very good.
Residence: 4 bedroom, all with built ins, private kitchen, lounge/dining, bath/toilet, private yard, lock-up garage. Very good condition. Convenient family residence.
Age: 1978 - 1989
Clientele: Corporate, passing trade, tourists, travel groups.
Land Area: 2½ acres.
Tariffs: Single $69 - $76; Double $79 - $87; Family $99 - $120; Extra Person $10
Chain Affiliation: Budget Group
Lease: New 30yr term. Rent: $50,000 plus GST.
Laundry: Full commercial, all new linen. 2 plus changes.
Breakfast/convention room. Could be used as dining room for groups.
Services: Room service, air conditioning, in-ground salt pool, commercial kitchen, fire rated, BBQ area, all rooms air conditioned.
Turnover: $208,507 net Jan - Dec 2008.
Comment: Attractive single level motel with excellent residence. Strong trader, current owners have done an excellent restoration job. Trade now starting to build.