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Motel Leasehold For Sale - Great Starter - Strong North-West Rural Town For Sale

New South Wales, Australia
Asking Price:
LEASEHOLD FOR SALE $260,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Well presented motel within two minutes walk of Town Centre. Stroll to the local club and shops.

Star Standard: 3.5 star

Construction: 13 units. Single storey double brick construction with colorbond roof and brick wall partitions. Very sound and well presented. Solid structure in great condition.

Interior Description: Larger sized rooms with comfortable interior. Appointments of good quality, clean and well maintained.

Age: Built 1992 approx.

Clientele: Reps, trade workers, interstate travellers, tourists

Land Area: 1,400m2

Tariffs: Single $120; Double $130; Twin $145; Family (4) $160; Extra Person $10

Chain Affiliation: N/A

Lease: 3 Years + 2 x 5

Rent: $11,490 per month

Laundry: Commercial equipment - 2 washers & 1 Dryer. Linen is owned except sheets hired. Two plus changes of linen in good condition. Guests have access to main laundry.

Restaurant: No

Services: Room service breakfast only, split system reverse cycle air-conditioners, electric blankets, microwave ovens in all units, undercover gas BBQ, inground salt pool, parking in open courtyard, fire rated.

Turnover: 18/19$276,704 - 17/18$282,023 - 16/17$248,231 (Excluding GST)

Occupancy: 61%

Residence: 2 bedroom with built-in wardrobes. Lounge/dining, bathroom, toilet. Roomy modern style – joins reception.

Strong North West rural town. Very strong mining community. Good sized rooms on one level. A low maintenance, well run business. Great Starter

MQ Property ID:
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