Reference No: 5817034

Accommodation and Tourism
NSW

Price: Leasehold $695,000

MOTEL LEASEHOLD FOR SALE - SOUTHERN TABLELANDS

Description: Easy to operate, centrally located B&B motel.  Short walk to restaurants, pub and club.  Excellent off-street secure parking.

Star Standard: 3½  star.

Construction: Two storey brick construction with tile roof and brick partitions. Very well maintained.  Paintwork as new.  Building has been meticulously looked after.  6kW solar power on roof.  Very good landlord.

Interior:  Medium to large with near new bathrooms.  Room 22 has cooking facilities.  Very comfortable 3.5 star standard.

Residence: Two bedroom with built-in wardrobes, lounge/ dining, bath/toilet.  Spacious living area - 2nd bedroom can be let as a 2 bedroom unit if not used by owners.

Clientele: Trade Workers, Reps, Interstate Travellers, Limited Tourist Traffic, Car Racing Enthusiasts

Land Area: 2,500 m2 Approx.

Tariffs: Single $115-$119; Double $135-$139; Family (4) $155; Extra Person $20

Chain Affiliation: N/A

Lease: 21 Years.  

Rent: 24% of turnover   $12,540 per month inclusive of GST ($150,480 per annum)   Current rent through COVID-19 is $30 per let room.

Laundry: Commercial equipment. Linen good to new, owned and laundered on site - 2 changes.  Guest laundry.

Restaurant: N/A

Services: Room service - breakfast, split system reverse cycle air-conditioning, D/Dial telephones, parking at front of units, microwave ovens, toasters, tea and coffee making facilities, guest laundry, BBQ, Wifi, fire rated.

Turnover: $453,698   2019/20 (52% occupancy);  $625,946 2018/19 (75% occupancy)

Average Occupancy: 70%

Comment: This property has all the amenities for a quiet, clean, comfortable stay.  Very popular and has a large return trade.  Very consistent business.


MQ Property ID:
5817034


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Price: Leasehold $695,000
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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