Reference No: 5326047

Accommodation and Tourism
NSW

Price: LEASEHOLD $230,000

MOTEL FOR SALE - CENTRAL WEST - HIGH QUALITY INSPECTION

Description: Fantastic entry level business. High quality inspection. 21 units. Excellent mix of trade. Good medium sized units & bathrooms. Very sound property.

Star Standard: 3.5 star

Construction: Single storey besser block construction with besser block partitions and cliplock iron roof. Good medium size units and bathrooms, appointments in good order. Very sound, no obvious movement or cracking – paintwork very good.

Residence: 4 bedrooms - all with built-in wardrobes, lounge/dining, bath/toilet, private yard, own kitchen, lock-up garage. Good convenient family residence - fully air-conditioned.

Age: Built 1978 - 1989 approx.

Clientele: Local workers, passing trade, limited tourist, interstate travellers.

Land Area: 2.5 acres approx.

Tariffs: Queen $95; Deluxe Queen $99; Family (4) $155
    
Chain Affiliation: N/A

Lease: 30 Years

Rent:  $72,000 Per Annum Inclusive

Occupancy:  40% Approx.

Laundry: Full commercial equipment. All linen owned and laundered onsite. 2 plus changes.

Restaurant: 50 seat licensed (coach groups only)

Services: Room service, split system reverse cycle air-conditioning, microwave ovens, in-ground salt pool, BBQ, Wifi, parking in open courtyard in front of units, fire rated.

Turnover: 2018/19  $261,042

Comment: Attractive single level motel with excellent residence – immaculate presentation. Current owners have done an excellent restoration job.  Huge upside.


MQ Property ID:
5326047


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Price: LEASEHOLD $230,000
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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