Reference No: 4428010

Accommodation and Tourism
NSW

Price: $1,180,000

MOTEL FOR SALE - COUNTRY MUSIC CAPITAL

Description: Well-positioned motel - handy to city centre in Country Music Capital.  Solid construction, neat and well kept.  Current owners have done some excellent upgrading and cost saving work.

Star Standard: 3.5 Star

Construction: Single storey brick construction with brick partitions and tile roof.  12 units with good quality appointments spotlessly presented.

Age: 1979

Land Area:  Approximately Half an Acre

Clientele: Reps, tourists, country music visitors, interstate travellers

Tariffs: Single / Double $105 - $225; Family of Four $160 - $330;  Extra Person $20

Chain Affiliation: Budget

Lease: N/A

Laundry: Heavy Duty Washers (2) & Dryers (2).  Sheets Hired.  Remainder owned on site.  2+ Changes of Linen in very good condition.  Guest laundry service available.

Restaurant: N/A

Services: Reverse cycle split system air conditioning, inground salt pool, covered barbecue area, microwave ovens, parking at front of motel units, fire rated.

Turnover: 17/18  $210,010 (owner states);  16/17  $209,012;  15/16  $231,948 net GST

Occupancy: 48% approx.

Residence: Very roomy two bedroom family residence joins and above reception.  Kitchen, large lounge, dining, bath/toilet, large balcony, private yard, double carport, reverse cycle air-conditioning.

Comment: Freehold property of this size is a rare find in this city.  Don't Miss Out!


MQ Property ID:
4428010


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Price: $1,180,000
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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