Description: Mid North Coast, high on the hill overlooking the city and popular surfing beach. Position position.
AAA Rating: 3½ star
Construction: Single level brick construction with a mix of tile and iron roof and brick wall partitions. Very sound building with great street appeal. Variety of unit sizes with quality appointments. Well maintained. Paintwork as new.
Residence: 3 bedroom, 1 with built-ins, lounge, dining, bathroom, laundry, private balcony and lockup garage. Adjoins reception. Share motel kitchen.
Age: Built in two stages – 1970 + 1985
Clientele: reps, local workers, tourists and passing trade.
Land Area: 1200sqm approx.
Tariffs: Single $75 - $110; Double $79 - $120; Family (4) $135 - $230; Extra Person $15 - 25
Chain Affiliation: No
Lease: 19 year term (2030). Rent $69,006 inc GST
Laundry: Domestic in residence. Linen hired.
Restaurant: No – short walk to club.
Services: 6 rooms with cooking facilities, BBQ, air conditioning, undercover parking.
Turnover: $209,974 net GST. Adjusted net $88,220
Occupancy: Unknown
Comment: Very tidy small motel close to beach, club and restaurants in major North Coast regional city. Long lease with reasonable rent. Presents great.
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