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Motel Leasehold For Sale - Northern Nsw Regional City

New South Wales, Australia
Asking Price:
$695,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Northern NSW regional city. Two level brick with flat roof. 3.5 star self-rated. Excellent mix of trade.

Star Standard: 3.5 star self-rated

Construction: 30 units. Two storey brick with cliplock roof and brick rendered wall partitions. Solid construction - paintwork 'As New'.

Interior: Good medium to large units with new fitout throughout the property. Appointments 'As New'. Quality Inspection.

Land Area: Half acre approx.

Chain Affiliation: No

Turnover: 10 Months to End April, 2021$520,657; 2019/20$777,455

Lease: 25 Years

Rent: $240,000 (2020/2021)

Tariffs: Standard from $121; Family from $198; Exec from $138

Clientele: Reps, workers, hospital trade, passing trade, tourists.

Laundry: Small with heavy duty washer, commercial dryer. Sheets & Pillow Slips hired; Towels & Bathmats owned & laundered on site.

Restaurant: 50 seat licensed – motel guests only. Full commercial kitchen.

Services: Room service breakfast and dinner, central air-conditioning, pool, parking in front of units, fire rated.

Residence: 1 bedroom with built-in, lounge/dining, bath/toilet. small manager’s flat type residence

Comment: This motel has been fully refurbished over the years and is now a comfortable 3.5 star rated property and one of the premium motels in this regional city.

MQ Property ID:

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