Reference No: 845273

Accommodation and Tourism
NSW

Price: $565,000

MOTEL FOR SALE - ENTRY LEVEL PROPERTY

Description: Entry level property. Busy Newell Highway location. Excellent inspection. Suit couple. Goldmine location. Room to expand property. Very tidy inspection.

Star Standard: 3 star

Construction: Besser block with Colorbond and clip-lock roof, concrete slab foundations and besser block room partitions. Medium size rooms. Very good standard of appointments. New flat-screen televisions. Excellent paintwork.

Residence: 3 bedroom, 1 with built-in, lounge/dining, bathroom, share kitchen, possible private yard and garage. Suit small family. Would do up well (needs TLC). Joins reception.

Age: Built 1975 - 1997 approx.

Clientele: Mining trade, local workers, passing trade, tourists.

Land Area: 1 acre (4,000sqm) approx.

Tariffs: Single $95; Double $105; Twin $105; Family (4) $150; Extra person $20; 4 x Deluxe Rooms $120 (Single or Double).

Chain Affiliation: Yes

Lease: No

Laundry: Full commercial equipment. All linen done onsite.

Restaurant: No - close to local club.

Services: Room services, BBQ, microwave ovens, in-ground pool, guest laundry, fire rated, split air-conditioning, new flat-screen televisions.

Turnover: 17/18  $155,572  -  16/17  $189,224  -  15/16  $183,911  -  14/15  $155,193

Occupancy: 45% - 55% approx.

Comment: Budget chain motel. Room to expand with highway frontage. Very tidy inspection. Great potential to grow this business.

MQ Property ID:
845273


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Price: $565,000
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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