Reference No: 5279344

Accommodation and Tourism
NSW

Price: Leasehold $395,000

MOTEL LEASEHOLD FOR SALE - AWARD-WINNING PROPERTY - 2 HRS FROM SYDNEY

Description: Award Winning property.  Cosy, friendly and unique boutique accommodation with a retro vintage style.  Town centre location - close to vineyards, golf courses, restaurants and antique shops.  Only two hours drive from Sydney.

Star Standard: 3 Star Self-Rated

Lease Expires:  2040

Rent:  $46,859 + GST as at 2019 - Annual 4% or CPI Adjustments

Turnover:  2018/19  $299,244 (GST excl.)

Tariffs: Range from $145 to $450 per night

Construction: Housed on the first floor of a former hotel.  Large, solid double brick building on the main street in the centre of the commercial precinct.

Interior: Beautiful interiors with fine attention to detail.  Fabulous presentation.  13 Units (15 including residence currently let).  The current owner is also renting out the residence so it gives them 15 letting ensuited rooms.  They rent a cottage next door as their residence.

Clientele: Trade Workers, Mining Workers, Reps, Tourists, Winery Weekenders.

Chain Affiliation: N/A

Occupancy: 43%

Restaurant: No restaurant on site.  Close to many restaurants.  Fully equipped motel kitchen.

Laundry: All linen is leased and laundered commercially off site.

Services: Air conditioned, guest lounge area, wireless internet, ample parking, fire rated.

Comment:  Offering a growing turnover, this property would be ideally suited to a couple wanting to enter the tourism industry.

MQ Property ID:
5279344


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Price: Leasehold $395,000
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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