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Motel Leasehold For Sale - Regional Education Hub Of The New England - New 28 Year Lease - Best Location In Town

New South Wales, Australia
Asking Price:
Leasehold $575,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: NEW 28 YEAR LEASE - Very smart motel - well run and ticks all the boxes. Located in a growing regional city with the BEST LOCATION IN TOWN.

Star Standard: 3½ star

Construction: Brick with colorbond roof and double brick partitions. Very well maintained, spacious and well designed.

Residence: 3 bedrooms with built-in wardrobes in each bedroom, own kitchen, lounge room, dining room, carport and private yard. Large 2 level residence - very spacious and comfortable.

Age: Built 1980

Approx. Land Size: 1,510m2

Lease Expires: New 28 Year Lease

Rent: $120,201.90 Per Annum (CPI Increases) inclusive

Clientele: Reps, Corporate, Education Department, Tourists

Tariffs: Queen $135; Twin $145; Family (4) $165; Extra Person $20

Chain Affiliation: No

Laundry: Semi-commercial, sheets and towels hired

Services: Room service - breakfast only - semi-commercial kitchen; reverse cycle air-conditioning; microwave ovens, coffee and tea making facilities in rooms; Wifi; open courtyard parking; fire rated.

Turnover: 20/21$376,400; 19/20$324,045; 18/19$448,375

Comment: Beautiful property - very well maintained. Spacious, well laid out and spotless throughout. A Must to Inspect!

MQ Property ID:

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