MOTEL LEASEHOLD FOR SALE - HILLTOPS REGION NSW
Description: Good quality motel in relaxing country atmosphere. 2km to town centre. Large rooms with quality modern appointments. Spacious quality residence.
Star Standard: 3.5 Star
Lease Term: 5 Year Term Commencing 12.10.2021 & Terminating 11.10.2026 with 4 x 5 Year Options to Renew (Total 22 Years)
Rent: $126,991 (excl GST)
Turnover: 2023/24 $271,632 (excl GST) impacted by management issues
2022/23 $329,021 (excl GST)
Construction: 14 room, single storey brick building with tiled roof and brick partitions. Excellent condition.
Age of Building: 1983 - 1984
Residence: 4 bedrooms (main with ensuite), lounge/dining, TV room near reception, bathroom/toilet, own kitchenette, private yard, carport. Large well-kept family residence
Land Area: Approx. 5 acres
Tariffs: From Approx. $150
Chain Affiliation: N/A
Restaurant: Yes - Not in use. Large full commercial kitchen with walk-in coolroom and pantry
Laundry: Large area with domestic equipment. Guest laundry
Services: Reverse cycle air-conditioning; fireplace in bar area; microwave oven, toaster and tea and coffee making facilities in rooms; saltwater swimming pool; barbecue; large grass children's play area; Wi-fi; parking in front of rooms; fire rating
Occupancy: 2023-24 38% (impacted by management issues); 2022-23 47%
MQ Property ID: 1P2887
Star Standard: 3.5 Star
Lease Term: 5 Year Term Commencing 12.10.2021 & Terminating 11.10.2026 with 4 x 5 Year Options to Renew (Total 22 Years)
Rent: $126,991 (excl GST)
Turnover: 2023/24 $271,632 (excl GST) impacted by management issues
2022/23 $329,021 (excl GST)
Construction: 14 room, single storey brick building with tiled roof and brick partitions. Excellent condition.
Age of Building: 1983 - 1984
Residence: 4 bedrooms (main with ensuite), lounge/dining, TV room near reception, bathroom/toilet, own kitchenette, private yard, carport. Large well-kept family residence
Land Area: Approx. 5 acres
Tariffs: From Approx. $150
Chain Affiliation: N/A
Restaurant: Yes - Not in use. Large full commercial kitchen with walk-in coolroom and pantry
Laundry: Large area with domestic equipment. Guest laundry
Services: Reverse cycle air-conditioning; fireplace in bar area; microwave oven, toaster and tea and coffee making facilities in rooms; saltwater swimming pool; barbecue; large grass children's play area; Wi-fi; parking in front of rooms; fire rating
Occupancy: 2023-24 38% (impacted by management issues); 2022-23 47%
MQ Property ID: 1P2887
overview
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1P2887
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Accommodation/Tourism
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Sold