Reference No: 5050149

Accommodation and Tourism
NSW

Price: $2,000,000

MOTEL FOR SALE - MID NORTH COAST - 10 ACRES - TREE CHANGE

Description: 10 Acres only three minutes from town centre.
  
Star Standard: 3 star

Construction: Single storey brick / rendered with brick partitions and tin roof.  Neat and tidy - 20 units

Age: Approx. 25 Years

Clientele: Interstate travellers, workers, sports groups

Land Area: 10 acres.

Tariffs: Single $90; Double $110; Family $150; Extra Person $10 - fold out bed.

Chain Affiliation: N/A

Occupancy:  65% - 70% Approx.

Laundry: Well equipped.  All linen hired.  Small guest Laundry.

Restaurant: Yes - 30 Seat - Not currently operating

Services: Licenced, Room Service if required, spotless functional Kitchen, Reverse Cycle Air-Conditioning, Pool, Barbecue, Microwave ovens, Full Cooking Facilities in 4 Units, Playground, Parking at front of rooms, parking for boats, trailers and trucks, Wifi, Foxtel, Telephones all rooms, Fire Rated.

Turnover: 2019 Jan to Dec  $518,080;  17/18   $372,009;   16/17   $453,402;   15/16   $435,605

Residence: 1 bedroom with own kitchen, very large lounge, bathroom, 2 toilets, enclosed yard, 2 single lock-up garages (currently used for garden equipment and tool storage.  

Comment: The property is currently a managed business.  There is considerable up-side for a family or couple to improve the business.  Property does need some TLC.


MQ Property ID:
5050149


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Price: $2,000,000
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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