MOTEL - STRONG CORPORATE TRADE

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Exclusive
Description: Major regional city with strong corporate trade. Quality building. Long lease. Very sought after area.
AAA Rating: 3½ star.
Construction: Single level brick with colorbond roof and brick wall partitions. Good variation of room sizes. Excellent appointments, mostly as new. Paintwork as new. Bathrooms medium in size.
Residence: 3 bedroom with built-ins. Separate house - joins motel. Private kitchen, dining, lounge, family room, bathroom, private yard, double lock-up garage. Large modern separate home in very good order. Note: Motel supports family of 4.
Age: 1987
Clientele: Corporate, armed services, travelers, tourist, weekend sport & social events.
Land Area: 1 acre
Tariffs: Single $73 - $78; Double $85 - $88; Family (4) $107 - $112; Extra Person $12
Chain Affiliation: Yes
Lease: 21 years. Rent $89,649 motel, and $11,500 house
Laundry: Domestic laundry, linen all hired, guest laundry.
Restaurant: 40 seat (closed). Licensed: Yes. Room service: Monday - Thursday.
Services: Room service, broadband, cooking facilities (1), In-ground pool, BBQ, fire rated.
Turnover: $403,780 2008/2009
Occupancy: 70% approx.
Comment: New to the market. Exclusive listing. Rare opportunity to purchase a motel in this price range within this area. Excellent inspection. Fabulous family residence. Highly recommended.