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Motel Leasehold - Busy Mining & Corporate Area For Sale

New South Wales, Australia
Asking Price:
Leasehold $250,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Newell Highway. Close to town centre. Busy mining & corporate area. Walk to all town amenities.

Star Standard: 3½ star

Construction: Two storey brick & tile with concrete slab foundations and brick wall partitions. Very solid construction.
Good medium sized units & bathrooms including 4 family units with good quality appointments. Well maintained.

Residence: 3 bedroom, 2 with built-ins. Master with ensuite, own kitchen, lounge/dining, bathroom, private yard. Good sized family residence. Adjacent to reception.

Age: 1979

Clientele: Corporate, mining, farming contractors, passing trade, tourists.

Land Area: 2000m2 approx.

Tariffs: Single $99 - $110; Double $99 - $110; Family (4) $120 - $140; Extra Person $20

Lease Expires: 30 Year Term

Rent: $51,661 Per Annum

Chain Affiliation: No

Laundry: Full commercial laundry. All linen owned - 2 changes in very good condition.

Restaurant: 50 seat (not used)

Services: Room service, licenced, full commercial kitchen, reverse cycle air-conditioning units, 4 rooms with microwave ovens, inground salt pool, portable gas BBQ, parking in sealed open courtyard, Austar, fire rated.

Turnover: 2020/21$207,272; 19/20$177,485

Comment: Motel on busy Newell Highway. Walk to all town amenities. Very strong repeat trade. Very manageable business.

MQ Property ID:

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