MOTEL FOR SALE - LAKE MACQUARIE REGION

$5,500,000

Description: Location, Location, Location! Stunning lake frontage. New restaurant and bar under construction. This, combined with 12 additional units, will make this property a highly sought-after accommodation and function venue.

Star Standard: Comfortable 3 and 3.5 star

Construction: Two storey brick and cladding construction with iron roof and brick partitions. Solid construction.
Large renovation currently being carried out.

Interior: Medium sized interiors with some larger family rooms. Some refurbishment has been done. Comfortable 3 and 3.5 star units will be excellent when completed.

Residence: 1 bedroom with built-ins, lounge/dining, own kitchen. Ideal Manager's suite. New residence planned in extension above reception.

Age: Built 1962 - 1980

Clientele: Corporate reps, workers, tourists, passing trade

Land Area: 3,080sqm approx.

Tariffs: Single $120-$140; Double $120-$150; Family (4) $130-$200; Extra Person $20-25

Chain Affiliation: No

Lease: No

Laundry: Commercial laundry. All linen is hired - 2.5 changes on site.

Restaurant: 100 seat being rebuilt

Services: Reverse cycle air-conditioning, new commercial kitchen, BBQ, 42 car parking spaces on site, fire rated

Turnover: Bed Only Income $600,000 Plus

Comment: We believe that should this property be operated with quality food and function facilities there would be substantial capital growth.


MQ Property ID:
6289647


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