Reference No: 5287857

Accommodation and Tourism
NSW

Price: Motel Leasehold $450,000

MOTEL LEASEHOLD FOR SALE - PROSPEROUS RURAL CENTRE - EXCELLENT OPPORTUNITY

Description: Motel in prosperous rural centre with great Newell Highway exposure.

Star Standard: 3.5 star

Construction: Very sound, good as new condition.  Hardiplank construction with colorbond roof and insulated gyprock partitions.

Interior:  16 Units - variation of unit sizes, very good quality appointments - immaculate inspection.

Clientele: Corporate, Representative, Local Rural Workers, Miners, Passing Trade

Tariffs: Single/ Double From $110; Family (4) From $175; Extra Person $20

Turnover: 2018/19  $368,560;  2017/18  $325,411 (Exclusive of GST)

Chain Affiliation: No

Lease: 22 Years

Rent:  $7,922.06 Per Month (inclusive of GST)  ($95,064.72 Per Annum)

Occupancy: Approx. 77%

Restaurant: N/A

Laundry: Full commercial equipment. Linen in excellent condition.  Owned and laundered on site - except towels and pillow cases hired.

Services: Reverse cycle air-conditioning, in-ground pool, Parking, fire rated.

Residence: 3 bedrooms with cupboards, lounge/dining, bath/toilet, store room, balconies, carport. Convenient family residence near reception.

Comment: Excellent opportunity with a well positioned B&B Motel in busy country service centre.  Long 22 year lease.

MQ Property ID:
5287857


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Price: Motel Leasehold $450,000
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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