Description: The best redevelopment site in Merimbula & Far South Coast. 3,600m2 of land with the benefit of 2 street frontages and located a short stroll to the shopping centre.
Well positioned motel, close to town centre with water views. Good coach trade motel.
Construction: Brick construction with cliplock iron roof and brick partitions. Single level 25 unit motel in very good condition. Variation of unit sizes - appointments in very good condition.
Age: Approx. Built 1990
Clientele: Coach Trade, Tourists, Holiday Makers, Workers
Land Area: 3,600m2
Tariffs:
Single $90 to $130; Double $90 to $140; Family $110 to $170; Extra Person $20
Restaurant: 45 seat (coach trade only), licenced, room service - breakfast
Laundry: Domestic heavy duty, sheets hired - remainder owned and laundered on site
Services: Inground salt pool, gas barbecue, off-street parking - boats, trailers, heavy vehicles, D/Dial telephones, fire rated
Turnover: 20/21$249,523.53
Occupancy: 50%
Residence: 2 bedroom - 1 with built-in wardrobe, lounge, bathroom/toilet. Joins reception - suit couple.
Comment: Has been managed for many years - would respond well to owner operator. Possible redevelopment site for up to 12 apartments.
MQ Property ID:
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