MOTEL FOR SALE - ENTRY LEVEL PROPERTY

$565,000

Description: Entry level property. Busy Newell Highway location. Excellent inspection. Suit couple. Goldmine location. Room to expand property. Very tidy inspection.

Star Standard: 3 star

Construction: Besser block with Colorbond and clip-lock roof, concrete slab foundations and besser block room partitions. Medium size rooms. Very good budget standard appointments. New flat-screen televisions. Excellent paintwork.

Age: Built 1975 - 1997 approx.

Land Area: 1 acre (4,000sqm) approx.

Turnover: 19/20 $222,594 - 18/19 $244,696 - 17/18 $155,572 - 16/17 $189,224 - 15/16 $183,911

Tariffs: Single $95; Double $105; Twin $105; Family (4) $150; Extra person $20; 4 x Deluxe Rooms $120 (Single or Double).
Clientele: Mining trade, local workers, passing trade, tourists.

Occupancy: 45% - 55% approx.

Chain Affiliation: Budget

Lease: No

Laundry: Full commercial equipment. All linen laundered onsite.

Restaurant: No - close to local club.

Services: Room service, split system reverse cycle air-conditioning, new flat screen televisions, microwave ovens, in-ground pool, barbecue, guest laundry, fire rated.

Residence: 3 bedroom, 1 with built-in, lounge/dining, bathroom, share kitchen, garage and possible private yard. Suit small family. Would do up well (needs TLC). Joins reception.

Comment: Budget chain motel. Room to expand with highway frontage. Very tidy inspection. Great potential to grow this business.

MQ Property ID:
6324882


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