Accommodation and Tourism
NSW
Ref: 5714246

MODERN MOTEL LEASEHOLD FOR SALE - CLOSE TO TOWN CBD - NEW ENGLAND

Description: This is a modern motel close to the CBD, pet friendly and opposite the local bowling club - close to shops and cafes.  There is a strong mining presence.  

Star Standard: 4 Star

Construction: Single level with small 2 level section. Brick construction with solid brick partitions and colorbond roof in excellent 'As New' condition.

Rooms: 30 spacious, modern and very comfortable good sized rooms.

Age: 11 Years

Clientele: Corporate and trade workers, some passing trade

Land Area: 3,790m2

Tariffs: Single $165 - $175; Double $165 - $175; Extra Person $10

Lease Term:  Lease expires 11th July, 2045

Rent:  $38,127 per month inclusive of GST

Chain Affiliation: No

Laundry: Large on site laundry.  Excellent linen - laundered on site.  Guest laundry.

Restaurant: Yes - 50 seat, licenced, room service

Services: Restaurant, licenced, room service, reverse cycle air conditioning, telephones, undercover parking, microwave ovens, guest laundry, Wifi, fire rated.

Turnover:  2018/19  $1,294,060

Nett:  2018/19  $412,027

Occupancy: 65%

Residence: 4 bedroom with built-in wardrobes to 3 rooms, own kitchen, lounge, dining, laundry, private yard. Well appointed, comfortable accommodation with good layout.

Comment: This is a rural gem with strong community values - great place to raise a family.


MQ Property ID:
5714246

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Price: $1,195,000
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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