MOTEL - POPULAR FUNCTION & CONVENTION VENUE

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Description: Destination motel on acreage. Popular functions and convention venue. Approximately 1 hour from Canberra. Over 20% yield. Ideal family business.

AAA Rating: 3 star
Construction: Single storey brick with concrete, cliplock roof and brick wall partitions. Medium sized units. Good quality fitout. Very sound. Paint work as new. 8 units still to be refurbished. Equipment on site.
Residence: 3 bedroom, one with walk-in. Own kitchen, large lounge, dining, bathroom, carport, separate cottage.
Age: 1968 approx.
Clientele: Group business, convention, weddings, tourists.
Land Area: 5 acres
Tariffs: Single $65; Double $65; Family (4) $100
Chain Affiliation: No
Lease: No
Laundry: Domestic heavy duty. Linen all hired.
Restaurant: Yes, licensed 140 seat.
Services: Room service breakfast only, pool, BBQ, New split-air, fire rated.
Turnover: $595,156, nets $299.716
Occupancy: 67% approx.
Comment: Busy southern tablelands motel servicing the Hume Highway. Large land area with room for further development. Popular venue for wedding & functions.