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Motel Leasehold In City Centre - Northern Rivers District For Sale

Northern Rivers, New South Wales, Australia
Asking Price:
$990,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Delightfully presented motel, superbly positioned in the heart of this Northern Rivers City Centre.

Star Standard: 4 Star

Construction: Rendered brick with brick partitions and colorbond iron roof. 3 floors with lift. City centre location. Immaculate inspection - quality fixtures and fittings throughout. Larger than average rooms. Very modern presentation.

Residence: 4 bedroom with built-in wardrobes - ensuite to master bedroom. Private kitchen, open plan living with surrounding tile covered verandah and undercover parking. Large, delightfully presented residence.

Turnover: 2020 Calendar Year (COVID-19 Year) $928,652; 2019 Calendar Year $1,539,329 Net of GST

Tariff: Single/Double $140-$220; Family $250; Extra Person $30

Age: Built 2005

Clientele: Very large rep trade, workers, tourists.

Land Area: 1,860sqm approx.

Lease: To May 2035Rent: $439,555 per annum

Chain Affiliation: N/A

Laundry: Domestic equipment. All linen hired. Coin-operated guest laundry

Restaurant: Yes - Seats 40. Full commercial kitchen - highest quality.

Services: Room service, licenced, microwave ovens, undercover parking, reverse cycle air-conditioning, guest laundry, fire rated.

Comment: Delightfully presented motel in major regional service centre. Top quality - best location.

MQ Property ID:
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