Reference No: 5086379

Accommodation and Tourism
NSW

Price: Leasehold $800,000

MOTEL FOR SALE - MAJOR REGIONAL CITY B&B MOTEL

Description: B&B Motel in major regional city. Prime location close to RSL club. Immaculate inspection. Huge repeat trade.  Excellent mix of business & tourist trade.

Star Rating: 3½ star.

Construction: Two storey brick & tile building with concrete slab foundations and brick wall partitions. 25 units (incl. 2 for family use).  Excellent variation of unit sizes and types including executive, deluxe and family suites. Bathrooms renovated. This property is quality throughout.

Age: Built 1982 - 1986 approx.

Turnover: 2018/2019 $684,501; 2017/2018 $579,091; 2016/2017 $568,498 net GST

Tariffs: Single/Double $125 - $140; Family (4) $179; Extra Person $10.

Occupancy: 64.56% approx.

Clientele: Strong rep & corp trade, passing trade, tourists, groups and local workers.

Land Area: Half Acre

Chain Affiliation: Yes

Lease: October 2043 (24 years). Rent $222,400 per annum exclusive

Laundry: Heavy duty commercial. Sheets & towels hired, balance owned and laundered on-site.

Restaurant: No - close to RSL club and bowling club.

Services: Room service breakfast, semi-commercial kitchen, WiFi, Foxtel, BBQ, pool, reverse cycle split air-conditioning, D/D phones, parking in front of units, fire rated.

Residence: 3 bedroom with built-ins, open plan lounge/dining, share motel kitchen, double lockup garage and private yard. Quality family residence - joins reception.

Comment: CBD location in central west regional city. Quiet location close to RSL club.  Spotless presentation.

MQ Property ID:
5086379


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Price: Leasehold $800,000
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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