Reference No: 5148866

Accommodation and Tourism
NSW

Price: Leasehold $1,275,000

MOTEL LEASEHOLD FOR SALE - PRISTINE CONDITION - NSW HUB

Description: As brand new - excellent presentation.

Star Standard: 4 Star

Construction: Single level double brick and tile with double brick wall partitions. Good medium to large units.  Well appointed and in excellent condition.  Very high standard

Age: Motel 2003 - Apartments 2014

Clientele: Corporate, rep trade, tourist and interstate travellers

Land Area: 3,000m2

Tariffs: Single $135; Double $148; Family (4) $175 Extra Person $15

Chain Affiliation: No

Lease: 31 Years

Rent $186,000 per annum

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

Restaurant: N/A

Services: Room service, reverse cycle air-conditioners, phones in motel, inground salt pool, wireless internet, Foxtel, parking in open courtyard, fire rated.

Turnover: $881,000

Occupancy: 75% approx.

Residence: 3 bedroom with built-ins to master, kitchen, lounge/dining, back office, bath / toilet, private yard, lock-up garage. Lovely 3 bedroom residence over 2 levels.  Private courtyard.

Comment: B&B motel with excellent presentation and good highway exposure.  Easy stroll to the club - pristine inspection.  Fabulous real estate.

MQ Property ID:
5148866

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Price: Leasehold $1,275,000
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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