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Motel Leasehold For Sale - Prosperous Rural Centre - Excellent Opportunity For Sale

Sydney, New South Wales, Australia
Asking Price:
$360,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Motel in prosperous rural centre with great Newell Highway exposure.

Star Standard: 3.5 star

Construction: Very sound, good as new condition. Hardiplank construction with colorbond roof and insulated gyprock partitions.

Interior: 16 Units - variation of unit sizes, very good quality appointments - immaculate inspection.

Clientele: Corporate, Representative, Local Rural Workers, Miners, Passing Trade

Tariffs: Single/ Double From $110; Family (4) From $175; Extra Person $20

Turnover: 21/22$353,779; 20/21$344,142; 19/20$320,438; 2018/19$368,560

Chain Affiliation: No

Lease: 22 Years

Rent: $7,922.06 Per Month (inclusive of GST) ($95,064.72 Per Annum)

Occupancy: Approx. 77%

Restaurant: N/A

Laundry: Full commercial equipment. Linen in excellent condition. Owned and laundered on site - except sheets.

Services: Reverse cycle air-conditioning, in-ground pool, Parking, fire rated.

Residence: 3 bedrooms with cupboards, lounge/dining, bath/toilet, store room, balconies, carport. Convenient family residence near reception.

Comment: Excellent opportunity with a well positioned B&B Motel in busy country service centre. Long 22 year lease.

MQ Property ID:

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