Motel In Far North Coast City For Sale

Business description

Description: Far North Coast city location. Beautiful landscaped resort style property. Well maintained. Full corporate facilities. This property offers outstanding value for money. Ideal to operate now and sell off a lease in the future.

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 quality appointments. 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 $99 - $192; Twin $99 - $240; Family $186 - $240

Chain Affiliation: No

Lease: No

Laundry: Large full commercial. Sheets & slips hired – remainder done onsite.

Restaurant: 100 seat licensed with separate bar.

Services: Room services, WiFi internet, cable TV, resort style pool & spa, BBQ, split air-conditioning and fire rated.

Turnover: $910,000 2010/2011; $925,000 2009/2010 – all net of GST.

Occupancy: 50% approx.

Comment: Top quality, attractive Motor Inn. Excellent appointments in all departments. Outstanding residence. Well-kept grounds and gardens. Inspection highly recommended for all serious buyers.

Property information

Real Estate:

Real Property Included