Reference No: 4316760

Accommodation and Tourism
NSW

Price: Leasehold $725,000

MOTEL LEASEHOLD FOR SALE - LARGE ROOMS - DELIGHTFUL INSPECTION

Delightful newer style motel with highway frontage, overlooking the Golf Course.

Construction: 12 units + 4 apartments.  Single storey brick construction with brick partitions and tile roof.  In 'as new' condition.  Larger sized motel units with generous bathrooms and good quality appointments - well maintained.  Apartments are stunning - fully self-contained.

Age: Built 1984-1997

Star Standard: 4 Star

Lease:  19 Years - Extra years available at $8,000 per year

Rent:  $146,000 per annum net GST

Land Area: 3,200sqm approx.

Tariffs: Single $120; Double $120; Triple $150; Apartment $220-$240; Extra Person $20

Chain Affiliation: No

Occupancy:  65%

Laundry: Heavy Duty, Commercial - All Linen owned on site - 2 Plus Changes in Good to New Condition

Services: Room Service - Breakfast - Charge Back Meals, Reverse Cycle Air-Conditioning, Open Parking - Motel, Covered Parking - Apartments, Inground Chlorine Pool, Gas Barbecue, Fire Rated

Turnover: 2019/20  $574,409;  18/19  $604,185;  2017/18  $518,649;   2016/17  $471,881  excl. GST

Clientele:   Service Trades for Mining, Power Stations & Equine Industries; Passing Trade; Tourists; Weekend Visitors

Residence: Good residence for couple or small family. Two Bedrooms with built-in wardrobes, lounge/dining; bath/toilet, laundry, double lock-up garage.  There is also a large 2 bedroom suite below residence which could be included in residence if required.

Comment:  All aspects of this property are of good quality.  The property overlooks the golf course and offers full self-catering facilities in some units.  Suits the service trade for the area.

MQ Property ID:
4316760

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Price: Leasehold $725,000
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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