Reference No: 5233084

Accommodation and Tourism
NSW

Price: $1,050,000

MOTEL FOR SALE - MUDGEE - HIGHLY SOUGHT-AFTER LOCATION

Description:  Very well located on main street in centre of town. Easy access to all town amenities.  Older style property.  Future development potential - STCA

Star Standard: 3 Star Budget

Construction: Two storey double brick and timber construction with timber and clipboard partitions and iron roof.  

Interior:  8 small to medium units.  New carpets, air-conditioning and paint.  Beds replaced.  Budget style but very comfortable.

Age: Built 1955

Land Area:  Approx. 675.8m2

Clientele: Short Break, Workers, Tourist, Passing Trade

Tariffs: Single From $85; Double From $90; Queen From $95; Twin Share From $115; Unit $200 per night for up to 4 people +$50 per person thereafter

Chain Affiliation: N/A

Motel Laundry: Domestic Equipment

Restaurant: No

Services: Air-conditioned, barbecue, parking in front of units, Wifi, fire rated.

Turnover: Budgeted 2019/20 $270,000

Residence: Four bedroom with built-in wardrobes to three bedrooms - currently used as letting apartment.  Large lock-up garage at rear

Comment: Budget style motel on large block in the CBD of Mudgee.  Ideal to operate now with future development potential in one of NSW's strongest growth country towns.  Bargain Buy Opportunity!

MQ Property ID:
5233084


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Price: $1,050,000
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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