Reference No: 4996127

Accommodation and Tourism
NSW

Price: TWO MOTELS IN ONE LINE $3,200,000

2 MOTELS FOR SALE - POPULAR REGIONAL CENTRE

Strong regional centre.  Two motels to be sold in one line

Star Standard: 3 star

Construction:

15 Unit, partly two storey, concrete block construction with cliplock iron roof and rendered brick partitions - all units refurbished

23 Unit, two storey, brick and tile construction with cliplock iron roof - all units refurbished

Age of Building:  1960s / 70s

Land Area: Approx. 1,347m2 and 1,284m2

Tariffs: Single From $90;  Double From $105;  Family (4) From $124; Extra Person $20-$25

Turnover:  2018/19   $756,039;  2017/18   $604,262

Chain Affiliation: No

Laundry: Commercial on Site.  Sheets sent out - balance laundered at motel.

Breakfast Room:  Breakfast Room to service both properties.  No room service

Services:  Microwave Ovens available, BBQ Area, Wifi, Fully renovated rooms, on-site parking, fire rated

Occupancy: 60%

Clientele:  Corporate, Trade Workers, Weekend Sporting Groups, Tourism

Residence: 2x residences - new owner could use only one and the other could be let as a self-contained apartment.

Comment:  Older style motels but stunning presentation.  Rooms have been very well furnished.  Very comfortable with great value for money.  Trade is growing strongly.

MQ Property ID:
4996127

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Price: TWO MOTELS IN ONE LINE $3,200,000
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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