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Resort Motel & Conference Centre - Leasehold For Sale

Sydney CBD, New South Wales, Australia
Asking Price:
Leasehold $1,900,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Large brick & tile resort motel and conference centre in prime location north of Sydney CBD. Excellent facilities for all corporate events and weddings up to 100 people. Limited competition. Excellent value for money.

Star Standard: 3.5 star

Construction: Two storey brick & tile with brick wall partitions. Large, spacious building recently repainted. Excellent condition for age.

Interior: Rooms are large with good mix of styles. Recently fully refurbished to high modern standard.

Age: Approximately 35 Years

Clientele: Corporate, tourists, weddings, functions, conventions and training

Land Area: 20,000sqm approx.

Tariffs: Single $135-$255; Double $135 - $385; Family $165 - $385; Extra Person $25

Chain Affiliation: No

Lease: Expires June, 2045Rent: $388,633 per annum

Laundry: Commercial washers and dryers. Hired linen (two and a half changes) in 'as new' condition. Guest laundry.

Restaurant: 140 seat licensed.

Services: Room service, reverse cycle air-conditioning, BBQ, large in-ground pool, spa, sauna, tennis court, ISD STD telephones, fire rated, parking at front of accommodation block.

Turnover: 2018/2019$1,345,976; 2017/2018$1,578,976Residence: 3 bedroom with built-in wardrobes, lounge, dining, 2 x bathrooms and own kitchen. Separate free standing house built at rear of motel. Very comfortable family home.

Comment: Quiet bushland setting in Sydney's busy Northern Suburbs. Long term leasehold with outstanding facilities. Ideal corporate or family run business. Properties with these outstanding features are extremely rare in the market. Do not miss this opportunity.

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