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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