Reference No: 4994677

Accommodation and Tourism
NSW

Price: $2,600,000

MOTEL FOR SALE - 1.5 HRS FROM SYDNEY CBD - GREAT LOCATION

Only 1.5 hours from Sydney CBD.  Perfectly located close to major tourist attractions

Star Standard: 3.5 star

Construction: 15 units - Two storey brick construction with colorbond roof and brick and gyprock wall partitions.  Very well maintained and presented.  A real character property.

Interior: Medium to large units.  High quality furnishings.  Excellent mix of spa suites, family rooms and queen singles.

Age of Building:  Approx. 50 Years  (1966)

Land Area: 1,204m2

Tariffs: Single & Double $135-$270;  Family (4) $195-$270; Extra Person $30

Turnover:  2018/19  $347,076

Adjusted Nett:  $200,000

Chain Affiliation: No

Laundry: One washer and dryer.  Sheets and slips hired.  Towels owned and laundered on site - 2 changes of linen in 'as new' condition

Restaurant: No

Services: Reverse cycle air-conditioning, wireless internet, semi-commercial breakfast kitchen, parking in front of units, fire rated.

Occupancy: 65%

Clientele:  Tourists, Short Break Clients, Local Function Trade

Residence: Two bedrooms with built-in wardrobes, small kitchenette, share motel kitchen, open plan lounge / dining, bathroom with spa bath, carport.  Fully air-conditioned, heating, carpet on floors.  Direct access to motel reception.  Suit couple or small family.

Comment: Inspection of this property is highly recommended.

MQ Property ID:
4994677

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Price: $2,600,000
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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