LEASEHOLD MOTEL FOR SALE – PROSPEROUS RURAL CENTRE

SOLD

Description: Best property in town. Prosperous rural centre. All single level units. Very well maintained. High quality inspection. New to market. A must for serious buyers.

Star Standard: 3.5 star.

Construction: 24 units. Single storey brick construction with tile and corrugated iron roof and brick wall partitions. Solid, attractive with no obvious movement – paint good. Variation of unit sizes with good quality appointments.

Residence: 3 bedroom with built-ins, lounge, dining, bath/toilet, large family residence above reception.

Clientele: Strong corp and rep trade, agricultural and equine business. Passing and tourist trade.

Land Area: 0.5 acre approx.

Tariffs: Single / Double From $150; Family From $170; Extra Person $10

Chain Affiliation: No

Laundry: Full commercial equipment. All linen owned and laundered onsite. 2 plus changes in very good condition.

Restaurant: 40 seat with licensed bar (Thai Restaurant sub-leased)

Services: Room service, reverse cycle air conditioning, D/Dial NEC telephones, microwave ovens, gas BBQ, fire rated.

Lease: 17 years

Rent: $155,000 May 2016 - $167,024 May 2019 (est.) net GST

Turnover: 14/15 $631,712 - 13/14 $696,055 - 12/13 $712,634 - 11/12 $644,629 net GST

Comment: Busy, very popular motel in wealthy town surrounded by large Horse Studs and varied rural production. Quality Inspection.


MQ Property ID:
4891210


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