Accommodation and Tourism
NSW
Ref: 5326859

MOTEL LEASEHOLD FOR SALE - GREAT LOCATION - SYDNEY - BEACH VIEWS

Description: Great position.  Walk to the beach, shops, cafes.  Bus stop out the front.  Great ocean views.  Fully renovated.

Star Standard: 3.5 star

Lease Expires:  May 2020 + 2 x 5 Year Options

Rent:  $26,824.63 Per Month / $321,895.56 Per Annum

Turnover:  2018/19  $706,186;  17/18  $819,953;  16/17  $572,685

Tariffs: Double/Twin $95-$259;  1 BR Suite $149-$299;  2 BR Suite $249-$399

Construction: Three storey brick / render construction with brick partitions and tiled roof.  Solid 1980s construction.

Interior: Room sizes from 20m2 up to 70m2.  Fully renovated and well maintained.

Clientele: Overseas visitors, young travellers, backpackers.  Affordable accommodation close to ocean.

Chain Affiliation: No

Occupancy: 70%

Restaurant: No - Communal kitchen

Laundry: Commercial - Towels laundered on site - balance of linen hired.  Coin operated guest laundry.

Services: Reverse cycle air conditioning / fans, cooking facilities in suites, 2 levels of undercover parking, barbecue, Wifi, fire rated.

Residence: 2 rooms for staff

Comment:  Location, location, location.  Sydney beachside suburb.  Fully renovated and well maintained.  Great ocean views.  Close to everything.


MQ Property ID:
5326859


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Price: Leasehold $900,000
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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