Accommodation and Tourism
NSW
Ref: 4360025

MOTEL FREEHOLD INVESTMENT – BEAUTIFULLY PRESENTED PREMIUM MOTEL IN STRONG MOTEL TOWN For Sale

Description: Central West on busy Newell Highway.  30 Unit Corporate Motel in prime location with very well landscaped grounds and gardens.  Property is very popular with both corporate and tourist travellers.  The building is extremely well built and maintained.  Property has a 19 year lease in place.  

Star Rating: 4 star

Construction: 30 units. Single storey brick construction with tile roof and brick wall partitions. Exceptionally well maintained.  Large, modern and in very good condition with a mix of bedding configurations.

Residence: Two bedrooms with built-ins. Kitchenette, combined lounge /dining / kitchen; bath / shower / toilet, carport.  A larger style 2-bedroom residence with ample space for a small family or couple.

Age: Built 1988 / 2008
    
Clientele: Local workers, trade people, transport operators, tourists, passing trade.

Land Area: 3,000m2 Approx..

Tariffs: Single $135 - $145; Double $150 - $165; Family (4) $210-$220; Extra Person $20

Chain Affiliation: Comfort Inn

Laundry: Full Commercial Equipment.  All linen hired.

Restaurant: 55 Seat, Licenced

Services: Room service, split system reverse cycle air-conditioning, inground salt pool, barbecue, microwave ovens, function facilities, parking open in front of units, guest laundry, fire rated.

Lease: Expires 2037

Rent: $297,000 per annum

Yield: 8.48%

Turnover: 2018/19  $906,633; 17/18  $879,211; 16/17  $899,483

Comment: Beautifully presented premium motel in a strong motel town.  Well-appointed with fantastic repeat trade.  Modern and freshly appointed rooms with excellent income makes this a very desirable property.

MQ Property ID:
4360025


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Price: Freehold Investment $3,500,000
Manenti Quinlan & Associates
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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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