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Motel Freehold - Newcastle Area - Spotless Presentation For Sale

Newcastle, New South Wales, Australia
Asking Price:
$4,000,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Very well presented motel with very good residence. Regular business trade and corporate trade.

Star Standard: 3½ star

Motel Construction: Two storey brick and tile construction with brick partitions. Solid construction with very little movement. Paintwork in very good condition.

Interior: 23 good medium to large units. Variation of well maintained appointments. Spotless presentation.

Residence: 3 bedrooms with built-in wardrobes, own kitchen, lounge/dining, bathroom, office, private yard. Good family residence joins and above restaurant and reception

Age: 1980 Approx.

Clientele: Reps, tourists, trade workers, passing trade.

Land Area: 2,322m2

Tariffs: Single $120-$145; Double $120-$145; Extra person $20-$25

Chain Affiliation: Golden

Laundry: Full commercial equipment. Sheets and pillow slips hired - remainder owned.

Restaurant: 40 seat (used for light breakfasts - only for groups)

Services: Room service breakfast, full commercial kitchen, reverse cycle air-conditioning, microwave ovens in 12 units, parking in front of units, fire rated.

Turnover: 2019/20$395,637; 18/19$513,655

Occupancy: 40% - 44% approx.

Comment: Has been a managed business for many years. Great opportunity for owner operator in highly sought-after city location.

MQ Property ID:

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