Description: New North Coast lease. City location B&B only. Good mix of corporate & passing trade. Solid brick & tile construction. This is priced to sell.
AAA Rating: 3½ star
Construction: Brick and tile mostly single level. Two units upstairs. Concrete slab foundations with brick wall partitions. Good variation of unit sizes with good quality appointments. New paintwork. Spotless presentation.
Residence: 4 bedroom, 3 with built-ins, private kitchen, large living room, bathroom, lounge, private courtyard and carport. Good roomy and convenient family residence. Joins and above reception
Age: Built 1984
Clientele: Corporate trade, passing travellers and tourist trade.
Land Area: 2063sqm approx.
Tariffs: Single + Double $79- $89; Family (4) $110; Extra Person $20 - $25
Chain Affiliation: No
Lease: 29yr term. Rent $67,300 per annum plus GST
Laundry: Heavy duty commercial. All linen done onsite.
Restaurant: N/A
Services: Room service breakfast, microwaves, in ground pool, reverse-cycle air-conditioning, BBQ, ISD STD phones, fire rated.
Turnover: 10/11 $210,000 - 09/10 $243,866 net GST
Occupancy: 49% approx.
Comment: 29 year lease. Excellent presentation – excellent landlord. Not to be missed. Huge potential.
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