Accommodation and Tourism
NSW
Ref: 3389353

MOTEL FOR SALE - NEWCASTLE AREA

Description: Fully refurbished motel in Newcastle area. All new furnishings, electrical and plumbing. Room to expand property. Single level brick and cliplock construction. Beautifully presented. Just re-opened December 2016. Very popular sought-after location.

Star Standard: 3.5 star self rated

Construction: 15 units. Single storey brick with cliplock roof and brick wall partitions. Property has been closed.  Just fully refurbished and ready to re-open.

Age: 40 years approx.

Clientele: Will suit corporate and worker trade, sporting groups as close to golf course. Passing trade, local visitors.    

Land Area: 3,000sqm approx.

Tariffs: Single $120 - $140; Double $120 - $140; Family (4) $160 - $200, Extra Person $20.

Chain Affiliation: No

Laundry: Small domestic. All linen hired.

Restaurant: No

Services: Room service breakfast, reverse cycle air conditioning, microwave ovens, pool, BBQ, fire rated.

Lease: No

Turnover: Property is now in 2nd year of trading since re-opening.  18/19 $283,762.10;  17/18  $292,279.41

Residence: 1 bedroom. Lounge dining open plan, bathroom. One Bedroom Manager’s Apartment adjoins Reception.  Brand new fitout. Very comfortable for couple.

MQ Property ID:
3389353


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Price: $2,500,000 Neg.
Manenti Quinlan & Associates
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Australian enquiry? Yes No

Broker : Ray Larkin
Phone: 02 9744... (click to show)
Mobile: 0407 220... (click to show)
Fax: 02 9745... (click to show)
Address:
Suite 101, Level 1, 74-76 Burwood Road
Burwood, NSW, 2134


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