Accommodation and Tourism
NSW
Ref: 4775630

MOTEL FOR SALE - MID COAST

Description: This has it all. Adjacent to the mid-coast blue water plus next door to the club. B&B only. Strong growth area both in tourist numbers and residential growth.

Star Standard: 3½ star.

Construction: Brick and tile. All single level. Concrete slab foundations with brick wall partitions. 16 Units.  Excellent appointments with new paint work.  Very well maintained and presented.  Not a cent to spend.

Interior: Good medium sized units and medium bathrooms. 1 large family suite.  New beds and carpet.  Immaculate presentation.  

Age: 1980 - 1981

Clientele: Tourist, local travelers, limited business trade.

Land Area: 2,150sqm.

Tariffs: Standard $110 - $145; Delux $115 - $145; Family $140 - $170; Twin $130 - $165; Apartments $140 - $170

Chain Affiliation: No

Occupancy: 68%

Laundry: Heavy duty machines. All linen hired except hand towels, washers and bath mats.  Guest Laundry

Restaurant: Club next door or restaurant within easy walking distance

Services: Room service - breakfast, large covered BBQ, in-ground pool, DD phones, Austar, parking open in front of units, fire rated.

Turnover:  2018/19   $362,093;  2017/18   $359,214; 2016/17   $335,615

Residence: 2 bedroom, main has built-in wardrobe. Private kitchen, lounge, dining, large private yard. Well kept residence - joins reception, stunning water views.

Comment: Very tidy single level motel with uninterrupted water views. Close to main surfing beach. Lots of room for income improvement. Next to Bowling Club.  Walk to shops and cafĂ©.  Big improver. Fabulous real estate.

MQ Property ID:
4775630


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Price: $2,100,000
Manenti Quinlan & Associates
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Australian enquiry? Yes No

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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