MOTEL FOR SALE - MAJOR REGIONAL CITY B&B MOTEL

Leasehold $800,000

Description: B&B Motel in major regional city. Prime location close to RSL club. Immaculate inspection. Huge repeat trade. Excellent mix of business & tourist trade.

Star Rating: 3½ star.

Construction: Two storey brick & tile building with concrete slab foundations and brick wall partitions. 25 units (incl. 2 for family use). Excellent variation of unit sizes and types including executive, deluxe and family suites. Bathrooms renovated. This property is quality throughout.

Age: Built 1982 - 1986 approx.

Turnover: 2019/2020 $529,868; 2018/2019 $660,761

Tariffs: Single/Double $125 - $140; Family (4) $179; Extra Person $10.

Occupancy: 64.56% approx.

Clientele: Strong rep & corp trade, passing trade, tourists, groups and local workers.

Land Area: Half Acre

Chain Affiliation: Yes

Lease: October 2043 (24 years). Rent $222,400 per annum exclusive

Laundry: Heavy duty commercial. Sheets & towels hired, balance owned and laundered on-site.

Restaurant: No - close to RSL club and bowling club.

Services: Room service breakfast, semi-commercial kitchen, WiFi, Foxtel, BBQ, pool, reverse cycle split air-conditioning, D/D phones, parking in front of units, fire rated.

Residence: 3 bedroom with built-ins, open plan lounge/dining, share motel kitchen, double lockup garage and private yard. Quality family residence - joins reception.

Comment: CBD location in central west regional city. Quiet location close to RSL club. Spotless presentation.

MQ Property ID:
5086379


Facebook
To receive updates via your Facebook newsfeed please click here, or visit www.facebook.com/ManentiQuinlan and like our page.

Twitter
To follow us on Twitter please click here or visit www.twitter.com/ManentiQuinlan

LinkedIn
To connect on LinkedIn click here or visit http://www.linkedin.com/company/manenti-quinlan-&-associates