LEASEHOLD MOTEL FOR SALE- FAR NORTH COAST CITY
Canberra Region, NSW
Last asking price $995,000
Sold June 2023
Accommodation
Description: Far North Coast city location. Beautiful landscaped resort style property. Well maintained. Full corporate facilities. This property offers outstanding value for money.
AAA Rating: 4 star
Construction: Single level double brick on concrete slab foundations with colorbond roof and brick wall partitions. Excellent variation of unit sizes with qualityappointments. 25 suites have just been fully refurbished. Very solid construction. Recently repainted. Great appeal.
Residence: 3 bedroom with built-ins, private kitchen, open plan lounge/dining, bathroom, laundry and private yard. A modern, spacious, well-kept and attractive residence.
Age: Built 1990 approx.
Clientele: Reps, corporate workers, travellers, tourists, group tours, conference/wedding trade.
Land Area: 5,000sqm approx.
Tariffs: Single/Double $105- $192; Twin $105- $240; Family $186 - $240
Chain Affiliation: No
Lease: New 30 year lease. Rent 205,000
Laundry: Large full commercial. Sheets & slips hired - remainder owned and done onsite.
Restaurant: 100 seat licensed with separate bar. Excellent equipment.
Services: Room services, WiFi internet, cable TV, resort style pool & spa, BBQ, split air-conditioning and fire rated.
Turnover: 14/15 $1,160,404 - 13/14 $972,902 all net GST
Occupancy: 55% approx.
Comment: Top quality, attractive Motor Inn. Excellent appointments in all departments. Better than average residence. Well-kept grounds and gardens. Inspection highly recommended.
MQ Property ID:
845114
Facebook
To receive updates via your Facebook newsfeed please xxxxx, or visit xxxxx and like our page.
Twitter
To follow us on Twitter please xxxxx or visit xxxxx
LinkedIn
To connect on LinkedIn xxxxx or visit xxxxx