Accommodation and Tourism
NSW
Ref: 5055301

MOTEL LEASEHOLD FOR SALE - BARGAIN BUY

Description: Town centre workers motel.  Excellent year round occupancy.  Future looks very strong for this region.

Star Standard: 3 star

Lease Expires:  27 Year Term

Rent:  $110,000 Per Annum Inclusive of GST

Turnover:  $700,000 Average Over 3 Years

Tariffs: Single $75;  Double $85;  Family (4) $135-$145

Construction: 30 units. Single storey - good condition for age.  Presents well – strong worker trade.

Interior: Medium sized units with average sized bathrooms.  Fitted out to suit the mining and trade workers.

Clientele: Mining and trade workers

Chain Affiliation: No

Occupancy: 65%

Restaurant: Seats 50, licenced

Laundry: Commercial washer and dryers; guest laundry

Services: Air conditioned, restaurant, licenced, room service, undercover parking, microwave ovens & toasters, pool, Foxtel, laundry and guest laundry, Fire Rated.

Residence: 3 bedroom, built-ins to master, own kitchen, lounge / dining, bathroom, 2 toilets, private yard, carport

Comment:  Priced to sell - Genuine vendor.  Offering a solid 50% yield on your investment.  Trade for five years and be in a position to expand to the next level.  Bargain buy.

MQ Property ID:
5055301


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Price: Leasehold $475,000
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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