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Motel - Freehold - Taree Nsw. - Potential Plus - 21rooms For Sale

Sydney, New South Wales, Australia
Asking Price:
$1,500,000 (AUD)
Sales Revenue:
$423,800 (AUD)
Cash Flow:
$314,600 (AUD)

Freehold motel with 80% average occupancy. - 21 rooms currently in use, with three other rooms used by owner as live-in and storage. - 9 rooms are permanently let with a weekly tariff of $350. - 3 bedroom flat let at $500 p.w. - Other rooms are available nightly for around $75 p.p - Commercial laundry and great kitchen - Colour bond fence surrounds property, with enough parking space for clients at rear of building. - Building could use a paint externally - Owner has a 4 bedroom house for sale next door separate to this transaction let at $500 p.w.

Potential
Motel first opened on Christmas day in 1950 - Needs minor modernisation. - Should commence breakfast. -Add a website and an E tech booking system.

Features
Regular client base. - Accommodates governing authorities and visiting personnel regularly.

Premises
This business has an area of approx..1706 sq.mts.

Location
Great corner location only 3 minutes from town centre and river.

Trading Hours
7 days - 8 a.m.- 5 p.m.

Lease
Freehold

Employees
Owner + 3 casuals on call as required

Comments

Property Information

Location:

Great corner location only 3 minutes from town centre and river.

Business Operation

Expansion Potential:

Motel first opened on Christmas day in 1950 - Needs minor modernisation. - Should commence breakfast. -Add a website and an E tech booking system.

Trading hours:

7 days - 8 a.m.- 5 p.m.

Employees:
Owner + 3 casuals on call as required
Years established:
1950

Contact Information

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