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Motel Leasehold - South Coast Adjacent To Water For Sale

New South Wales, Australia
Asking Price:
Leasehold $550,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: South Coast. Adjacent to the water in prime visible location. Quality inspection. Walk to club and shops. Very easy operation. Currently fully managed.

Rating: 3 1/2 star

Construction: Brick with concrete slab foundations, colourbond roof and brick wall partitions. Just repainted. Very well maintained. No creaking. Large units - 30sqm plus. Recently fully refurbished. As new throughout.

Residence: 2 bedrooms with built-ins, private kitchen, lounge, dining, bathroom. Ideal for couple of small family. Adjoins reception. Very comfortable and well presented.

Age: 1987

Clientele: Strong repeat trade, reps, tourists, passing trade.

Land Area: 2500sqm approx.

Tariffs: Single $97 - $175; Double $105 - $250; Extra Person $20 - 25.

Chain Affiliation: No

Lease: New 30 Year Lease

Rent: $105,000 per annum + GST

Laundry: Small commercial plus guest laundry. All linen hired.

Restaurant: No, short walk to club and other restaurants.

Services: Room service breakfast only, cable TV, hair-dryers, pool, BBQ, parking at front of units.

Turnover: 2016/17$418,390

Occupancy: 50.06% approx.

Comment: Adjacent to water. Excellent highway exposure. Easy walk to shops and restaurants. 150m to club. High quality property in prime position. Excellent water views. Highly recommended.

MQ Property ID:
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