Reference No: 4120920

Accommodation and Tourism
NSW

Price: Management Rights - Offers Above $850,000

MANAGEMENT RIGHTS FOR SALE - MOTEL IN POPULAR MID COAST HOLIDAY DESTINATION

Long term management deal with large 3BR family residence valued around $325,000.  Great position with central location.  Strong repeat business.  21 units under management.

Construction: 21 units, double storey, brick construction with brick partitions and cliplock and tile roof.  In very good condition for age.  Medium to large, well-appointed rooms.

Age: Built 1974

Lease:  5 Years + 10 Years

Clientele:  Tourists, short break stays, representatives, local workers.

Residence: Large 3 Bedroom Family Residence adjoining reception.  Kitchen, dining, lounge, sunroom, bath, shower, toilet, balcony, carport.

Land Area: 2,023sqm approx.

Tariffs: Single/Double $112-$185; Twin $125-$205; Family $140-$230

Chain Affiliation: No

Laundry: Commercial. Towels owned - all other linen hired.

Services: Breakfast, gas BBQ, in-ground salt pool, cooking facilities, split system air-conditioning and window boxes (5), Foxtel, parking outside units, commercial kitchen, guest laundry.

Turnover: 2017/18   $551,415  

Comment: Three income streams - breakfast, cleaning/laundry and 12.5% from turnover in letting pool.  busy management rights.  Great position in central area with great repeat business including corporates.  Currently run by two couples.

MQ Property ID:
4120920

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Price: Management Rights - Offers Above $850,000
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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