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Motel For Sale - Major Regional City B&B Motel For Sale

New South Wales, Australia
Asking Price:
Leasehold $990,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: B&B Motel in major regional city. Prime location close to RSL club. Immaculate inspection. Huge repeat trade. Excellent mix of business & tourist trade.

Star Rating: 3½ star.

Construction: Two storey brick & tile building with concrete slab foundations and brick wall partitions. 25 units (incl. 2 for family use). Excellent variation of unit sizes and types including executive, deluxe and family suites. Bathrooms renovated. This property is quality throughout.

Age: Built 1982 - 1986 approx.

Turnover: 9 Months to End March 2021$640,151; 2019/2020$529,868; 2018/2019$660,761

Tariffs: Single/Double $125 - $140; Family (4) $179; Extra Person $10.

Occupancy: 64.56% approx.

Clientele: Strong rep & corp trade, passing trade, tourists, groups and local workers.

Land Area: Half Acre

Chain Affiliation: Yes

Lease: October 2043 (24 years). Rent $222,400 per annum exclusive

Laundry: Heavy duty commercial. Sheets & towels hired, balance owned and laundered on-site.

Restaurant: No - close to RSL club and bowling club.

Services: Room service breakfast, semi-commercial kitchen, WiFi, Foxtel, BBQ, pool, reverse cycle split air-conditioning, D/D phones, parking in front of units, fire rated.

Residence: 3 bedroom with built-ins, open plan lounge/dining, share motel kitchen, double lockup garage and private yard. Quality family residence - joins reception.

Comment: CBD location in central west regional city. Quiet location close to RSL club. Spotless presentation.

MQ Property ID:

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