Description: Regional city main street location. Very well presented two storey Motor Inn. Excellent mix of accommodation style. Has been managed for the last 7 years.
AAA Rating: 3½ star
Construction: Two storey brick with colorbond roof and brick wall partitions. Medium to large units – 6 x 2BR units plus 6 x spa suites. Quality furniture throughout. Paintwork in excellent condition.
Residence: 4 bedroom, 3 with built-ins, share motel kitchen, open plan lounge and dining, bathroom, carport & private yard. Adjoins and above reception. Suit couple or family. Good sized living area.
Age: 20 approx.
Clientele: Reps, workers, tourists, passing trade, zoo trade.
Land Area: 2,000 approx.
Tariffs: Single $90 - $180; Double $98 - $180; Family $135 - $200; Extra Person $15
Chain Affiliation: No
Lease: New 30 year lease. Rent $132,000 + GST.
Laundry: Full commercial laundry. All equipment under 2 years old. All linen done onsite. 2+ changes.
Restaurant: No
Services: Room service breakfast, guest laundry, short walk to several restaurants, microwaves in rooms, split air-conditioning, pool, BBQ, WiFi, Cable TV, fire rated.
Turnover: $423,112 2010/2011; $408,162 2009/2010
Occupancy: 65% approx.
Comment: Very high quality B&B motel in sought-after city location. Main street CBD location. Property has been run under management for several years. A rare opportunity to purchase a new lease with strong growth potential for a new owner operator.
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