For Sale
Description: Immaculately presented Motel on a large land area with strong repeat trade. Single level brick and tile. Outstanding value with great future potential. New England Highway frontage close to Armidale City.
Lease: New 30 Year Leasehold
Rent: $104,000 Per Annum
Star Standard: 3.5 star
Construction: 16 units. Single storey solid brick construction with tiled roof and brick wall partitions. Recently repainted
Age: Built 1969 - 1979 approx.
Clientele: Reps, workers, short break and tourist trade.
Land Area: 9,931sqm approx.
Tariffs: Single $99; Queen $105; Family $155; Two Room Suite $175; Extra Person $25
Chain Affiliation: N/A
Laundry: On site, heavy duty commercial in as new condition. 2 plus linen changes.
Restaurant: No
Services: Air-conditioning and heaters, parking in front of units. Fire rated.
Turnover: Calendar Year 2022$407,606
Occupancy: 71.52%
Motel Residence: 3 bedrooms with lounge/dining, bath/toilet, private yard and carport. Generous size family residence.
Comment: Run by the manager, this Motel on the New England Highway frontage close to Armidale City is set on a large land area with strong repeat trade. Immaculate presentation with outstanding value and great future potential. Single level brick and tile construction.
