Accommodation and Tourism
NSW
Ref: 5087380

MOTEL LEASEHOLD FOR SALE - ONE MOTEL TOWN

Description: Immaculate property in one motel town. Town centre location. Strong year round trade.

Star Standard: 3-3½ star

Construction: Single level brick and tile with concrete slab foundations and brick wall partitions. Good variation of unit sizes and configurations. Excellent presentation with appointments of high standards. Spotless inspection.

Age: 1975 - 1993 approx.

Clientele: Local workers, passing trade, reps, corp & tourists.

Land Area: Half Acre

Tariffs: Single $95 - $124; Double $106 - $129; Extra Person $12

Chain Affiliation: No

Lease: 20th February 2044.

Rent $97,726.83 inc GST.

Laundry: Domestic heavy duty equipment. Sheets and slips are hired - remainder owned and laundered on site.

Restaurant: 50 seat (closed)

Services: Restaurant (closed), room service, BBQ, ceiling fans and split system reverse cycle air-conditioners, DD phones, parking in front of units, fire rated.

Turnover: 18/19  $393,271;  17/18  $401,184;  16/17 $388,142;  15/16  $383,708;  14/15  $412,855

Occupancy: 60% approx.

Residence: 4 bedroom, 3 with built-ins, kitchen, lounge/dining, 2 bathrooms, carport & private yard. Very good size. Joins reception and back office.

Comment: Only motel in New England town. Central location with increasing trade. Delightful inspection.

MQ Property ID:
5087380

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Price: Leasehold $450,000
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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