Reference No: 5219472

Accommodation and Tourism
NSW

Price: Leasehold $500,000 or near offer

MOTEL LEASEHOLD FOR SALE - NORTHERN NSW

Description:  Well-presented motel with highway frontage and great street presence.

Star Standard: 3 star

Construction: 17 units - Single storey brick construction with tile roof and solid brick wall partitions.  Well maintained, solid structure with good street appeal.

Interior: Solid rendered walls, gyprock ceilings, new carpet and new benchtops.

Age: Built 1978

Land Area: 1,980m2

Tariffs: Single $120;  Double $120;   Family (4)  $150-$170; Extra Person $20

Turnover:  2018/19   $513,256;  2017/18   $525,632;   2016/17   $457,080

Chain Affiliation: No

Lease: 18 Years Remaining

Rent: $99,394 Per Annum

Laundry: Heavy Duty / Commercial. Sheets hired – remainder on site

Restaurant: N/A

Services:  Room service (breakfast/dinner), licenced, window fitted reverse cycle air-conditioning, barbecue, open plan / covered parking, microwave ovens, toasters, fire rated.

Occupancy: 63%

Residence: 3 bedroom with built-in wardrobe to master. Office, Lounge, bathroom.  Two storey - presents well.

Comment: Close to town and opposite very popular Sports Club.  regular stop-over for contractors and sporting groups.

MQ Property ID:
5219472

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Price: Leasehold $500,000 or near offer
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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