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Motel Leasehold For Sale - Stunning Coastal Location - Northern Rivers

New South Wales, Australia
Asking Price:
Leasehold $528,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Smart 10 room motel in sought-after coastal location with great street appeal. Surrounded by landscaped gardens, close to airport, town centre and all amenities.

Star Rating: 3½ star.

Construction: Two storey brick & tile building with brick wall partitions. Very well maintained.

Interior: 10 units. Rooms are spacious and comfortable and were spotless upon inspection. Five units on ground floor have kitchenettes and are perfect for long stays.

Age: Built 1980s.

Turnover: 20/21 to --.--.--$240,245; 19/20$286,280; 18/19$311,750; 17/18$287,832

Tariffs: Single $100; Double $110; Family (4) $130; Spa Room $180; Extra Person $15.

Occupancy: 78%

Clientele: Families, Couples, Tourists, Holidaymakers, Reps and Trade Workers

Land Area: 2,529m2

Chain Affiliation: N/A

Lease: Expires June, 2041Rent: $68,800 per annum

Laundry: Commercial laundry - new linen - owned and laundered on site.

Restaurant: No - close to cafes and restaurants.

Services: Room service breakfast - commercial kitchen in residence, WiFi, 2 BBQ areas, pool, reverse cycle air-conditioning, ample parking - undercover - shade sails, fire rated.

Residence: 3 bedroom - all with built-in wardrobes (master with ensuite), commercial kitchen, large living room, 3 toilets, bath, shower, private yard, double lock-up garage plus 2 garden sheds. Very well laid out residence with bedrooms on the second storey and a good sized living area off reception.

Comment: Perfect leasehold for couple looking to get into the industry. Beautiful coastal location.

MQ Property ID:

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