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Motel Leasehold For Sale - Busy South Coast Service Centre

South Coast, New South Wales, Australia
Asking Price:
$775,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Newly modernised motel offers fantastic opportunity to increase turnover. Strong growth regional service centre.

Star Standard: 3.5 star self-rated

Construction: Two storey brick construction with cliplock roof and brick partitions in good condition. Has just been completely repainted - looks fantastic.

Interior: 37 units have had complete renovation with kitchenettes added.

Residence: Comfortable one bedroom manager's residence with own kitchen, carport and private yard. Can link with unit 37 for extra bedroom.

Age: Built approx. 1960

Land Area: 3,300 square metres approx.

Tariffs: Single/Double $105-$145; Family (4) $145-$220; Extra Person $10

Turnover: 20/21$570,030 (through construction) - Budget for 21/22 Year $900,000 Plus

Lease Term: New 30 Year Lease

Rent: $195,000 Per Annum Negotiable

Laundry: Full commercial laundry. Sheets hired - remainder owned on site.

Restaurant: 50 seat (closed), licenced.

Services: Split system air-conditioning; all units have kitchenettes; Foxtel; Wifi; ample parking in front of building; fire rated

Clientele: Trade workers, travellers, hospital, tourists, truckies.

Comment: This area continues to grow and this motel offers an outstanding opportunity

MQ Property ID:

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