Description: B&B Motel overlooking the water just north of Sydney. This property is meticulously presented. Close to great swimming, fishing. Room to further grow the business.
AAA Rating: 3½ star
Construction: Brick, mostly single level units. Two of the 14 units are upstairs. Clip lock iron roof with exposed brick walls. Very well maintained. No visible cracking. Paint work as new.
Residence: 3 bedroom with built-ins. All upstairs with share bathroom, lounge, dining and share kitchen all down stairs adjoining reception plus extra bathroom.
Age: 1979-1995
Clientele: Some reps, mostly tourist trade plus golf groups.
Land Area: 1284sqm
Tariffs: Single $64 - $125; Double $79 - $130; Family $103 - $165; Extra Person $12.
Chain Affiliation: None
Lease: None
Laundry: Full commercial. 2 washers, 2 dryers. Linen as new. 2½ changes.
Restaurant: Meals to rooms (Tancredi Gourmet Foods)
Services: Room service, pool, covered BBQ area, 1 room with cooking facilities, reverse cycle air conditioning, fire rated.
Turnover: $215,000 (08), $176,000 (07), $162,000 (06)
Occupancy: 48% approx.
Comment: Very well presented property in popular tourist destination. Close to Sydney. Easy to add extra two rooms by converting second residence. The property has been extremely well maintained. It has large rainwater tank etc. This easy to run motel would make an ideal sea change.
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