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Management Rights For Sale - Motel In Popular Mid Coast Holiday Destination

Mid Coast, New South Wales, Australia
Asking Price:
Management Rights - Offers Above $850,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

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.

Turnover: 2017/18$551,415

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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