LEASEHOLD MOTEL FOR SALE - NEW ENGLAND REGION
Description: Very tidy single level motel. Good highway exposure in busy New England centre. A huge upside here. Good forward bookings and regular repeat trade.
Lease Term: New 30 Year Lease
Rent: $135,000 per annum plus GST
Turnover: July 2024 to March 2025 $424,551; 23/24 $535,133; 22/23 $507,863
Construction: Brick construction with brick and block partitions and iron roof
Interior Description: Superbly refurbished throughout with quality appointments - excellent
No. of Rooms: 15
Residence: 3 bedroom (2 with built-in wardrobes), large lounge / dining, 2 bathrooms / toilet, 2nd toilet, own laundry, full size kitchen, lock-up garage. Convenient and roomy with new air-conditioner. Joins reception.
Land Area: 1.5 acres (Approx.)
Age: Built 1970 to 1978
Tariffs: Single $99 - $145; Double $135-$145; Family (4) $185
Occupancy: 90%
Chain Affiliation: N/A
Restaurant: Continental Breakfast Only
Laundry: Heavy duty commercial - 2 washers & dryers
Guest Laundry: Share with motel
Services: Split system reverse cycle air-conditioning systems, undercover parking in front of units, gas barbecue, Wi-fi, 7 EV charging stations, solar panels, 3 bay storage shed, fire certification
Comment: New to the market - great inspection.
MQ Property ID:
1P2955
Lease Term: New 30 Year Lease
Rent: $135,000 per annum plus GST
Turnover: July 2024 to March 2025 $424,551; 23/24 $535,133; 22/23 $507,863
Construction: Brick construction with brick and block partitions and iron roof
Interior Description: Superbly refurbished throughout with quality appointments - excellent
No. of Rooms: 15
Residence: 3 bedroom (2 with built-in wardrobes), large lounge / dining, 2 bathrooms / toilet, 2nd toilet, own laundry, full size kitchen, lock-up garage. Convenient and roomy with new air-conditioner. Joins reception.
Land Area: 1.5 acres (Approx.)
Age: Built 1970 to 1978
Tariffs: Single $99 - $145; Double $135-$145; Family (4) $185
Occupancy: 90%
Chain Affiliation: N/A
Restaurant: Continental Breakfast Only
Laundry: Heavy duty commercial - 2 washers & dryers
Guest Laundry: Share with motel
Services: Split system reverse cycle air-conditioning systems, undercover parking in front of units, gas barbecue, Wi-fi, 7 EV charging stations, solar panels, 3 bay storage shed, fire certification
Comment: New to the market - great inspection.
MQ Property ID:
1P2955
Contact The Agent
overview
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1P2955
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Accommodation/Tourism
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Sold