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Long term management deal with large 3BR family residence valued around $325,000. Great position with central location. Strong repeat business. 21 units under management.
Construction: 21 units, double storey, brick construction with brick partitions and cliplock and tile roof. In very good condition for age. Medium to large, well-appointed rooms.
Age: Built 1974
Lease: 5 Years + 10 Years
Clientele: Tourists, short break stays, representatives, local workers.
Residence: Large 3 Bedroom Family Residence adjoining reception. Kitchen, dining, lounge, sunroom, bath, shower, toilet, balcony, carport.
Land Area: 2,023sqm approx.
Tariffs: Single/Double $112-$185; Twin $125-$205; Family $140-$230
Chain Affiliation: No
Laundry: Commercial. Towels owned - all other linen hired.
Services: Breakfast, gas BBQ, in-ground salt pool, cooking facilities, split system air-conditioning and window boxes (5), Foxtel, parking outside units, commercial kitchen, guest laundry.
Comment: Three income streams - breakfast, cleaning/laundry and 12.5% from turnover in letting pool. busy management rights. Great position in central area with great repeat business including corporates. Currently run by two couples.
MQ Property ID:
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