Description: Centrally located motel in sought-after coastal area, adjacent to club with stunning ocean views. Quality presentation. Very easy to operate.
Star Standard: 4 star
Construction: Brick and tile, two level with concrete slab foundations and brick wall partitions. Pleasure to inspect. Excellent appointments of outstanding quality. Good variation of unit sizes.
Residence: 1 bedroom with built-in, share kitchen, lounge, dining room, bathroom, double lock-up garage. Residence adjoining reception. Comfortable and can be turned into 3 bedroom if required.
Age: Built 1990
Clientele: Corp Reps, Travelers, Local Workers, Tourists, Whale Watching, Cruise Ship Port
Land Area: 2,200sqm approx.
Tariffs: Standard Queen $140; Deluxe Twin $165; Deluxe Triple $185; Family $269
Chain Affiliation: No
Lease: To 31 March 2050. Rent $219,155 per annum + GST
Laundry: Full commercial equipment. Sheets & towels hired - remainder owned.
Restaurant: No, adjacent to club. Walk to Pub and restaurants.
Services: In-ground salt pool, split system air-conditioning, parking in front of rooms, commercial kitchen, Foxtel, fire rated
Turnover: 2020/21$1,175,076; 2019/20$781,486
Occupancy: 70% approx.
Comment: Town centre. Coastal Area. Magnificent ocean views and well-appointed modern rooms. Fantastic repeat clientele and easy to run B&B accommodation. Healthy turnover and a generous net profit make this a 'must see' property. Eden's best accommodation property.
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