Accommodation and Tourism
NSW
Ref: 5285399

MOTEL & APARTMENTS FOR SALE - SOUGHT-AFTER COASTAL LOCATION

Description: Situated in one of NSW’s most sought-after coastal locations. Excellent mix of motel and self-contained apartment accommodation. Property has recently undergone refurbishment. Prime location with short walk to club and beaches. Property has been fully managed for many years. Massive potential.

Star Standard: 4 star

Construction: 36 units (26 Motel; 10 Apartments). Two storey double brick/concrete with flat cliplock roof and brick wall partitions.

Interior: Medium to large – built as a destination motel for extended stays. Very good – well maintained – paintwork excellent.

Age: Motel Built 1980s; Apartments Built 2005/06

Clientele: Tourists – short and long stay, corporate, armed forces, bus groups, sporting groups, short break out of Sydney, country farmers wanting holidays.

Residence: 2 bedroom, 1 with built-in, large dining room, toilet, bath. Ideal Manager’s Unit - suit couple.  Property has been managed for many years.

Land Area: 2,769sqm approx.

Tariffs: (Including GST)

Motel:
Single $140 - $175; Double $140 - $175; Family $180 - $289; Extra Person $25

Apartments:
Daily $130 - 350; Weekly $750 - $2,450.

Chain Affiliation: No

Laundry: Commercial on-site. Linen as new. 2 plus changes.

Restaurant: Yes, licensed.

Services: Room service, reverse cycle air conditioning, pool, BBQ, cooking facilities in apartments, ISD/STD phones.

Lease: No

Turnover: 2019 Calendar Year  $1,664,500;  18/19  $1,491,672;  17/18  $1,536,516  (Excl. GST)

Comment: Prime position 200 metres to RSL Club.  Walk to local beaches.    15 mins walk to shops. This area will boom with tourism in the future.

MQ Property ID:
5285399


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Price: $7,750,000
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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