Accommodation and Tourism
NSW
Ref: 5002717

MOTEL LEASEHOLD FOR SALE - MAJOR REGIONAL CITY - EASY TO OPERATE

Quality B&B Motel in major regional city.

Star Standard: 3.5 - 4 star

Construction: 23 units - Two storey brick construction with iron roof and brick wall partitions.  Very solid construction.  Well maintained and presented.  As new paintwork.  Also 3BR cottage.

Interior: Good variation of motel rooms through to apartment with full facilities.  Fitout is modern and high quality.

Age of Building:  From 35 Years

Land Area: 2,770m2

Tariffs: Single $115-$135;  Double $125-$145;  Family (4) $180-$200;  Extra Person $20-$25; 3BR Cottage $350 Per Week

Turnover:  $584,452

Lease Term:  New 30 Year Term

Rent:  $155,000 per annum

Chain Affiliation: No

Occupancy:  63%

Laundry: Commercial on Premises - Linen 'as new' - 2.5 Changes - Guest Laundry

Restaurant: No - Breakfast Only

Services: Dinner by Delivery, New Split System Air-Conditioning, Microwave Ovens, Pool, BBQ, Netflix, parking at front of rooms or where available, fire rated.

Clientele:  Strong Corporate and Rep Trade, Interstate Travellers, Tourists, Zoo Trade.

Residence: Two bedrooms with built-in wardrobes, own kitchen, lounge, dining, bathroom and private yard.  Medium size owner's residence.  Ideal for couple or small family.  very comfortable.

Comment: Well above average inspection.  Excellent presentation.  Easy business to operate.  Plenty of room for growth.

MQ Property ID:
5002717

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Price: Leasehold $775,000
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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