Reference No: 3796434

Accommodation and Tourism
NSW

Price: Leasehold $1,190,000

LEASEHOLD MOTEL FOR SALE- THRIVING REGIONAL CITY

Description: One of NSW’s best regional cities. This property has a prime location within easy walking distance to city amenities. Two level construction with strong corporate and group trade. Very quiet with quality, value for money, accommodation. Rarely do properties come available in this sought-after city.

Rating: 3.5 star

Construction: 30 units. Two storey brick construction with tile roof and brick wall partitions. Good roomy units, excellent paintwork & appointments of high standard. Very solid brick & tile construction – attractive – new paintwork.

Residence: 2 bedroom with built-in wardrobes. Lounge/dining, bath/toilet, laundry, private yard, double carport. Very roomy & convenient – joins reception.

Age: Built 1982 approx.

Clientele: Popular with work groups, trade workers, bus tours, tourist and interstate travellers.

Land Area: 3/4 acres approx.

Tariffs: Single $129; Double $135; Family (4) $169 - $189; Extra Person $15

Chain Affiliation: No

Lease: Until April 2040. Rent $224,758 Per Annum Plus GST

Laundry: Full commercial. Sheets & slips hired – remainder owned and laundered on site

Restaurant: 50 seat with licensed bar

Services:  Licenced, room service, split system reverse cycle air-conditioners, in-ground pool, parking in excellent condition with adequate room,fire rated.

Turnover: 18/19  $1,022,229; 17/18  $837,138; 16/17  $806,272  Net GST

Occupancy: 84% approx.

Comment: Excellently presented Motor Inn, close to City Centre. Good rep and coach trade.  Motel is in prime location just off the main road for quiet, comfortable accommodation.

MQ Property ID:
3796434

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Price: Leasehold $1,190,000
Manenti Quinlan & Associates
Address:
Suite 101, Level 1, 74-76 Burwood Road
Burwood, NSW, 2134

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Contact: Ray Larkin
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