MOTEL FOR SALE- NEW NORTH COAST LEASE CITY LOCATION
Canberra Region, NSW
Last asking price $275,000
Sold June 2023
Accommodation
Description: New North Coast lease. City location B&B only. Good mix of corporate & passing trade. Solid brick & tile construction. This is priced to sell.
AAA Rating: 3½ star
Construction: Brick and tile mostly single level. Two units upstairs. Concrete slab foundations with brick wall partitions. Good variation of unit sizes with good quality appointments. New paintwork. Spotless presentation.
Residence: 4 bedroom, 3 with built-ins, private kitchen, large living room, bathroom, lounge, private courtyard and carport. Good roomy and convenient family residence. Joins and above reception
Age: Built 1984
Clientele: Corporate trade, passing travellers and tourist trade.
Land Area: 2063sqm approx.
Tariffs: Single + Double $75- $85; Family (4) $110; Extra Person $10 - $15
Chain Affiliation: No
Lease Expires: Nov-2040. Rent $68,520 per annum plus GST
Laundry: Heavy duty commercial. All linen done onsite.
Restaurant: N/A
Services: Room service breakfast, microwaves, in ground pool, reverse-cycle air-conditioning, BBQ, ISD STD phones, fire rated.
Turnover: 13/14 $280,000 - 12/13 250,4495 - 11/12 $215,188 - 10/11 $210,000 net GST
Occupancy: 50% approx.
Comment: Long lease 27 PLUS years. Excellent presentation - excellent landlord. Not to be missed. Huge potential.
MQ Property ID:
845107
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