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Motel Leasehold For Sale - Northern Nsw For Sale

New South Wales, Australia
Asking Price:
Leasehold $500,000 or near offer (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Well-presented motel with highway frontage and great street presence.

Star Standard: 3 star

Construction: 17 units - Single storey brick construction with tile roof and solid brick wall partitions. Well maintained, solid structure with good street appeal.

Interior: Solid rendered walls, gyprock ceilings, new carpet and new benchtops.

Age: Built 1978

Land Area: 1,980m2

Tariffs: Single $120; Double $120; Family (4) $150-$170; Extra Person $20

Turnover: 2018/19$513,256; 2017/18$525,632; 2016/17$457,080

Chain Affiliation: No

Lease: 18 Years Remaining

Rent: $99,394 Per Annum

Laundry: Heavy Duty / Commercial. Sheets hired – remainder on site

Restaurant: N/A

Services: Room service (breakfast/dinner), licenced, window fitted reverse cycle air-conditioning, barbecue, open plan / covered parking, microwave ovens, toasters, fire rated.

Occupancy: 63%

Residence: 3 bedroom with built-in wardrobe to master. Office, Lounge, bathroom. Two storey - presents well.

Comment: Close to town and opposite very popular Sports Club. regular stop-over for contractors and sporting groups.

MQ Property ID:
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