MOTEL FOR SALE- SOUTH COAST PRIME LOCATION
Canberra Region, NSW
Last asking price $825,000
Sold June 2023
Accommodation
Description: South Coast regional city, prime location corporate Motor Inn. Very well presented. Recently been refurbished. Long new lease. Very reasonable rent. Great opportunity.
AAA Rating: 3½ star
Construction: Double brick with colorbond roof on motel units and tile roof on residence, brick wall partitions and concrete slab foundations. Large spacious room with some 2 and 3 bedroom family suites. Most have cooking facilities (10 units).
Residence: Very large freestanding two storey house. Well suited to large family. 4 bedroom with private kitchen. Period style house.
Age: Built 1990 approx.
Clientele: Corporate, passing trade, tourist, group business.
Land Area: 4,000sqm approx.
Tariffs: Single $125 - $145; Double $125- $200; Family (4) $145- $250; Extra person $25.
Chain Affiliation: Yes
Lease: New Lease 30 year. Rent $190,000 (CPI adjusted)
Laundry: Commercial - 2 x washers, 2 x dryers. All linen done on-site.
Restaurant: Licensed restaurant. 80 seats with cocktail bar and alfresco bar area.
Services: Room services, solar heated pool, convention room, minibar, cooking facilities (10), large rooms, fire rated.
Turnover: $818,3xxxxx; $680,8xxxxx
Occupancy: 70% approx.
Comment: Outstanding motel in popular regional city location. Excellent highway exposure. Strong repeat trade. New long term lease. Great value. Excellent buy.
MQ Property ID:
845219
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