Reference No: 5633081

Accommodation and Tourism
NSW

Price: $1,600,000

MOTEL FOR SALE - POPULAR COASTAL TOWN

Description: Great motel. Only one in popular Mid North Coast town.  Easy walk to club & restaurants - serviced by courtesy coach.  

Star Standard: 3.5 star (self-rated)

Construction: 12 units. Single storey brick with iron roof and brick wall partitions. Medium size units & bathrooms with quality appointments – spotless presentation. Excellent condition.

Age: Built 1975 approx.

Clientele: Reps, workers, short break and tourist trade.

Land Area: 1,214sqm approx.

Tariffs: Single $99-$110; Double $99-$110; Twin $120-$130

Chain Affiliation: No

Laundry: New heavy duty equipment. All linen owned and laundered onsite. 2 plus changes.

Restaurant: No

Services: Limited breakfast room service, reverse cycle air conditioning, microwave ovens, gas BBQ in covered area, parking in front of units, fire rated.

Turnover: 2019/20  $278,286  

Occupancy: 63% over 3 years

Residence: 2 bedroom. Lounge/dining, kitchen, bath/toilet, small yard, carport. Small residence, very convenient & well maintained – joins reception.

Comment:  Beautifully maintained and furnished.  Trades well all year round.  First to inspect will buy.

MQ Property ID:
5633081


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Price: $1,600,000
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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