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Modern Motel Leasehold For Sale - Close To Town Cbd - New England For Sale

New South Wales, Australia
Asking Price:
$1,195,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: This is a modern motel close to the CBD, pet friendly and opposite the local bowling club - close to shops and cafes. There is a strong mining presence.

Star Standard: 4 Star

Construction: Single level with small 2 level section. Brick construction with solid brick partitions and colorbond roof in excellent 'As New' condition.

Rooms: 30 spacious, modern and very comfortable good sized rooms.

Age: 11 Years

Clientele: Corporate and trade workers, some passing trade

Land Area: 3,790m2

Tariffs: Single $165 - $175; Double $165 - $175; Extra Person $10

Lease Term: Lease expires 11th July, 2045Rent: $38,127 per month inclusive of GST

Chain Affiliation: No

Laundry: Large on site laundry. Excellent linen - laundered on site. Guest laundry.

Restaurant: Yes - 50 seat, licenced, room service

Services: Restaurant, licenced, room service, reverse cycle air conditioning, telephones, undercover parking, microwave ovens, guest laundry, Wifi, fire rated.

Turnover: 2018/19$1,294,060

Nett: 2018/19$412,027

Occupancy: 65%

Residence: 4 bedroom with built-in wardrobes to 3 rooms, own kitchen, lounge, dining, laundry, private yard. Well appointed, comfortable accommodation with good layout.

Comment: This is a rural gem with strong community values - great place to raise a family.

MQ Property ID:

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