MOTEL - PROSPEROUS TOWN CENTRE

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Description: Prosperous town centre motel. B&B only. Adjacent to workers club. Several other restaurants within 100m of the property. Very strong corp MI. Superb presentation.

AAA Rating: 3½ Star.
Construction: Brick. Two storey concrete slab construction. Colour bond roof. Brick wall partitions. Very solid. No visible cracking.
Residence: 3 bedroom residence. Large lounge dining, All bedrooms have ensuites. Bedrooms can we locked off and used as units if not required by owners. Share kitchen.
Age: 1988.
Clientele: Strong corp & mining trade. Some passing trade, popular stop over when travelling interstate.
Land Area: 2200sqm approx.
Tariffs: Single $95 - $100; Double $99 - $115; Family $116 - 130; Extra Person $20;
Chain Affiliation: Yes.
Laundry: Commercial on-site. Sheets hired.
Restaurant: None
Services: Room Service, breakfast only, restaurants deliver evening meals if required, cable television, microwaves, 3 spa rooms, wireless internet.
Turnover: $532,156 2007/2008. Nets $218,444 after rent
Occupancy: 63% approx
Comment: Best positioned motel in very busy Newell Hwy town. Strong corp & mining trade, short walk to town amenities. Very well maintained and presented. Not a cent required on maintenance for this property.